Copper futures gain on spot demand
19/07/2017
Copper futures were trading higher during the noon trade in the domestic market on Wednesday as traders widened their bets amid firm global cues.Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.At the MCX, copper futures for August 2017 contract is trading at Rs 389.50 per kg, up by 0.13 per cent, after opening at Rs 388.35, against a previous close of Rs 389.00. It touched the intra-day high of Rs 389.80 (at 12:20 hours).
19/07/2017
Copper futures were trading higher during the noon trade in the domestic market on Wednesday as traders widened their bets amid firm global cues.Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.At the MCX, copper futures for August 2017 contract is trading at Rs 389.50 per kg, up by 0.13 per cent, after opening at Rs 388.35, against a previous close of Rs 389.00. It touched the intra-day high of Rs 389.80 (at 12:20 hours).
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