NEW DELHI, Mar 15: Buoyed by a firm global trend and increased domestic demand, copper prices rose by 0.26 per cent to Rs 427.40 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in April traded higher by Rs 1.10, or 0.26 per cent to Rs 427.40 per kg in business turnover of 4,939 lots.
Similarly, the metal for delivery in June edged up by Rs 1.10, or 0.25 per cent to Rs 433 per kg in a turnover of 227 lots.
Market analysts said apart from increased demand from consuming industries, a firming trend overseas on positive US economic data, improving demand prospects with the world’s second-largest consumer of metal, influenced copper prices at futures trade.
Meanwhile, copper for delivery in three months climbed 0.4 per cent to USD 7,829.50 a tonne on the London Metal Exchange, at Shanghai Futures Exchange, the metal for July delivery rose 0.2 per cent to 56,930 yuan (USD 9,158) a tonne. (PTI)
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