Copper up on rising spot demand

Copper up on rising spot demand

17/10/2016 16:17

Copper futures rose during the evening trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.

Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME). Further, rising demand from consuming industries at domestic spot markets supported the upside. At the MCX, copper futures for November 2016 contract is trading at Rs 314.05 per kg, up by 0.32 per cent, after opening at Rs 313.10, against a previous close of Rs 313.05. It touched the intra-day high of Rs 315.20 (at 04:20 PM).

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