Copper futures gain on higher demand

New Delhi: Copper prices on Friday rose 0.36 per cent to Rs715.95 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in January traded higher by Rs2.60 or 0.36 per cent at Rs715.95 per kg in a business turnover of 4,443 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures fall on low demand

Aluminium prices on Friday declined 5paise to Rs199.80 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in February fell by 5paise or 0.03 per cent to Rs199.80 per kg in 2,445 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Zinc futures rise on high demand

Zinc prices on Friday rose 85paise to Rs220.30 per kilogram in the futures trade amid a pickup in spot demand. On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by 85paise or 0.39 per cent at Rs220.30 per kg with a business turnover of 2,360 lots. Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.

Guar seed futures grow on spot demand

Guar seed prices on Friday rose Rs73 to Rs5,440 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery rose Rs73, or 1.34 per cent, to Rs5,440 per 10 quintals with an open interest of 690 lots.