Market and product
India's copper trades higher on overseas demand
NEW DELHI: Copper traded Rs 1.50, or 0.48 per cent, higher at Rs 312.75 a kg in futures trading on Thursday, as speculators enlarged their positions, triggered by firming trend overseas. Besides, pick up in demand at physical markets also supported the uptrend in copper futures prices.
On the Multi Commodity Exchange platform, copper for delivery in August contract gained Rs 1.50, or 0.48 per cent, to Rs 312.75 a kg, with a business volume of 8,066 lots. The metal for delivery in November contract also traded higher by Re 1, or 0.30 per cent, to Rs 315.40 a kg, with a turnover of 559 lots.
At the London Metal Exchange, the copper for three-month delivery gained as much as 0.38 per cent at $6,665.50 a tonne in early trade.
(Source: PTI)
