Copper futures move higher on pickup in spot demand

NEW DELHI: Copper prices on Friday traded up by 0.77 per cent at Rs 776.55 per kg in the futures market on the back of a pick-up in the spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 5.90, or 0.77 per cent, at Rs 776.55 per kg in a business turnover of 5,208 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by a pick-up in the spot demand.

News

Articles You May Like

Swiss data in focus in the session ahead
Gold prices slide to two-week low ahead of US NFP data
The Fed’s favorite inflation indicator increased 0.2% in July, as expected
Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
US Dollar holds steady after mixed NFPs

Leave a Reply

Your email address will not be published. Required fields are marked *