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This is an archive article published on September 28, 2012

Copper futures rise on global cues

Buoyed by a firm global trend,copper prices rose by Rs 1.15 to Rs 441.20 per kg in futures trade.

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Buoyed by a firm global trend,copper prices rose by Rs 1.15 to Rs 441.20 per kg in futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange,copper for delivery in November rose by Rs 1.15,or 0.26 per cent,to Rs 441.20 per kg,with a business turnover of 27,937 lots.

Similarly,the metal for delivery in February traded higher by the same margin to Rs 446.30 per kg in 1,858 lots.

Marketmen attributed the rise in copper futures to a firm global trend and pick up in domestic demand.

Meanwhile,copper for delivery in three months climbed 0.9 per cent to USD 8,245.25 a tonne on the London Metal Exchange.

 

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