Copper futures surge 0.95% on overseas cues, spot demand
24/10/2017 12:21
Analysts said firm trend in base metals in global market and increased demand from consuming industries in domestic spot markets led to rise in copper prices in futures trade.
At the MCX, copper futures for November 2017 contract was trading at Rs 462.25 per kg, up by 0.95 per cent, after opening at Rs 459.60, against a previous close of Rs 457.90. It touched the intra-day high of Rs 463.70 (at 12:20 hours).
24/10/2017 12:21
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Copper futures were trading higher in the domestic market on Tuesday as speculators raised bets firm global trend and pick up in demand.Analysts said firm trend in base metals in global market and increased demand from consuming industries in domestic spot markets led to rise in copper prices in futures trade.
At the MCX, copper futures for November 2017 contract was trading at Rs 462.25 per kg, up by 0.95 per cent, after opening at Rs 459.60, against a previous close of Rs 457.90. It touched the intra-day high of Rs 463.70 (at 12:20 hours).
