Commodity Watch: Copper futures further up on higher spot demand

New Delhi: Copper futures on Friday rose 0.44 per cent to Rs806.45 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in September traded higher Rs3.50 or 0.44 per cent at Rs806.45 per kg in a business turnover of 7,953 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium futures climbed 0.68 per cent to Rs229.20 per kilogram as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for September delivery increased Rs1.55 or 0.68 per cent to Rs229.20 per kg in a business turnover of 2,523 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.