Spot demand lifts Copper futures by 0.76 percent
In futures trade, copper for delivery in November rose by Rs 3.25, or 0.76 per cent, at Rs 432 per kg in a business turnover of 937 lots at the Multi Commodity Exchange.
- Country:
- India
New Delhi, Sep 14 (PTI) Copper futures traded 0.76 percent higher at Rs 432 per kg Friday as speculators raised their bets amid rising spot demand even as the metal weakened at the London Metal Exchange (LME).
In futures trade, copper for delivery in November rose by Rs 3.25, or 0.76 percent, at Rs 432 per kg in a business turnover of 937 lots at the Multi Commodity Exchange.
Similarly, the metal for delivery in far-month February next year edged up by Rs 3, or 0.69 percent, at Rs 4376.65 per kg in 8 lots.
Analysts said a better trend at the spot markets on rising demand from domestic consuming industries, influenced copper futures here, but a weak trend at the LME squeezed the gains.
Globally, copper for delivery in three months was 0.3 percent down at USD 6,015 per tonne at LME, pulling back from a two-week high reached in the prior session, as investors exercised caution ahead of possible trade talks between the US and China to resolve an escalating tariff war.
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