Copper futures rise on overseas cues, spot demand 31/10/2017


Copper futures rise on overseas cues, spot demand
31/10/2017 13:08
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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 447.10 per kg, up by 0.22 per cent, after opening at Rs 444.80, against a previous close of Rs 446.10. It touched the intra-day high of Rs 449.1 (at 13:1o hours).
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