Home / MCX Metals / Copper futures edged up by 0.30% on spot demand

Copper futures edged up by 0.30% on spot demand

Copper futures edged up by 0.30% on spot demand:

Copper futures prices edged up today by 0.30% to Rs 470 per kg as speculators enlarged positions in the midst of firming trend in the spot markets on better demand, including metals weakened in global markets.

At MCX, copper for delivery in February up by 0.30%, to Rs 470 per kg.

The metal for delivery in January also rose slightly by 10 paise, or 0.08%, to Rs 127.90 per kg in a turnover of 217 lots.

Marketmen said new positions created by participants and better demand in the spot market supported the rise in copper futures.

While, base metals lead and zinc pressure is visible today, while nickel is 0.5 percent and Aluminium are gained 0.32 percent.

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