Copper rises in futures trade on global cues, spot demand

NEW DELHI, June 20: Copper futures rose 0.28 per cent to Rs 459.80 per kg today as speculators enlarged their positions amid firming trend overseas and pick up in demand at the domestic spot markets.

In futures trade, copper for delivery in June was trading higher by Rs 1.30, or 0.28 per cent, at Rs 459.80 per kg in a business turnover of 3,438 lots at the Multi Commodity Exchange.

Similarly, the metal for delivery in far-month August edged up by Rs 1.10, or 0.24 per cent, to Rs 466 per kg in 215 lots.

Market analysts said a better trend in base metals at the London Metal Exchange (LME) and domestic spot markets on pick up in demand from consuming industries influenced copper futures here.

At the LME, copper for three-month delivery was up 0.1 per cent at USD 6,847 per tonne. (PTI)


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