News

Copper futures rise on spot demand

NEW DELHI: Copper prices on Friday traded up by 1.31 per cent at Rs 747.75 per kg in the futures market on the back of a pick-up in the spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 9.65, or 1.31 per cent, at Rs 747.75 per kg in a business turnover of 4,535 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by a pick-up in the spot demand.

Articles You May Like

NZDUSD holds resistance against 50% retracement this week and rotates lower. What next?
USDJPY falls below 100 hour MA and runs lower.
Oil falls for a third day on Middle East ceasefire hopes
Video: Why the yen is so weak and what’s next
Dollar’s Rebound Pauses ahead of FOMC, Oil Prices Decline

Leave a Reply

Your email address will not be published. Required fields are marked *