Copper futures go up on spot demand

NEW DELHI, July 18: Copper futures traded 0.14 per cent higher at Rs 425.85 per kg today as speculators built more bets amid a firming trend at the domestic spot market and positive global cues.
In futures trade, copper for delivery in November was trading higher by 60 paise, or 0.14 per cent, at Rs 425.85 per kg in a business turnover of two lots at Multi Commodity Exchange.
Similarly, the metal for delivery in August edged up by 40 paise, or 0.10 per cent, at Rs 418.25 per kg in 1,275 lots.
Market analysts said apart from a firm trend overseas, rising demand at the domestic spot markets influenced copper futures here.
Meanwhile, copper for delivery in three months rose 0.2 per cent at the London Metal Exchange. (PTI)