Commodity Watch: Copper futures gain on firm spot demand
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Copper prices on Friday rose 0.56 per cent to Rs 899.35 per kilogram in the futures market on the back of higher spot demand.On the Multi Commodity Exchange, copper contracts for delivery in May traded higher Rs 5.05 or 0.56 per cent at Rs 899.35 per kg in a business turnover of 7,259 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.
Zinc futures in focus
Zinc prices rose 25 paise to Rs261.50 per kilogram in the futures trade amid a pickup in spot demand.
On MCX, zinc contracts for May delivery traded higher 25 paise or 0.1 per cent at Rs261.50 per kg with a business turnover of 2,757 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.
