Copper futures gain 0.34% on firm overseas trend

Copper futures gain 0.34% on firm overseas trend
12/07/2018 , by , in ALLIED

Copper prices strengthened by 0.34 per cent to Rs 445.15 per kg in futures trade today as speculators built up of fresh positions amid positive global cues.Besides, rising demand from consuming industries at the domestic spot market too fuelled the uptrend.

At the Multi Commodity Exchange, copper for delivery in November went up by Rs 1.50, or 0.34 per cent, to Rs 445.15 per kg in a business turnover of 74 lots.

Similarly, the metal for delivery in August edged up by Rs 1.45, or 0.33 per cent, to Rs 438.15 per kg in 1,924 lots.

Globally, copper for delivery in three-months rose by 0.5 per cent to USD 6,423 a tonne, extending a 1.7-per cent gain from the previous session on the London Metal Exchange

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