Copper futures gain on pickup in demand
29/08/2016 14:05
Copper futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their bets in the industrial metal amid a pickup in physical demand for copper from the domestic spot market. Further, a rise in demand for copper at the domestic spot market from the major consuming industries supported the uptrend in prices for copper. At the MCX, copper futures for August 2016 contract is trading at Rs 308.90 per kg, up by 0.31 per cent, after opening at Rs 308.40, against a previous close of Rs 307.95. It touched the intra-day high of Rs 309.30 (at 13:57 hours).
