Copper futures up on global cues

Copper prices rose by 0.52 per cent in futures trade today as speculators engaged in enlarging position amid a firming trend overseas and pick- p in spot market demand.

At the Multi Commodity Exchange, copper for delivery in far-month February traded higher by Rs 2.35, or 0.52 per cent, to Rs 454.55 per kg, with a business turnover of 654 lots.

Similarly, the metal for delivery in November edged up by Rs 2.30, or 0.51 per cent, to Rs 449.90 per kg, with a business turnover of 7,613 lots.

Also Read

BJP manifesto: Narendra Modi is the message

Marad massacre: Ex-officer alleges Chandy shielded Youth Cong leader

Maruti Suzuki takes key vendors to Dubai meet to plan new segment entry

Mukesh Ambani is wealthiest Indian cricket team owner, worth $21.2 bn: report

Marketmen said a firming trend overseas, boosted by hopes that China and the US will roll out more stimulus programmes to boost economies, raising demand outlook for industrial metals, influenced copper futures here.

Meanwhile, copper for December delivery climbed 0.8 per cent to USD 8,008.25 per tonne on the London Metal Exchange, breaking above USD 8,000 for the first time since May 14.

At Shanghai Futures Exchange, the metal for the most active December contract shot up 2.6 per cent to 58,130 yuan