NEW DELHI, Feb 18: Buoyed by a firm global trend and increased domestic demand, copper maintained its upward journey and prices rose by another 0.21 per cent to Rs 448.55 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February traded higher by 95 paise, or 0.21 per cent to Rs 448.55 per kg in business turnover of 526 lots.
Similarly, the metal for delivery in April edged up by 85 paise, or 0.19 per cent to Rs 452.80 per kg in a turnover of 33 lots.
Market analysts said apart from increased demand from consuming industries, a firming trend overseas after a report showed China’s new credit expanded to a record, supporting demand prospects in the world’s biggest user of the metal, influenced copper prices at futures trade.
Meanwhile, copper for delivery in three months traded a shade higher at USD 7,164.50 a tonne on the London Metal Exchange. (AGENCIES)
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