Commodity Watch: Copper Futures Gain On Firm Spot Demand

New Delhi: Copper prices on Thursday rose Rs2.90 to Rs859.50 per kilogram in the futures market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in October traded higher Rs2.90 or 0.34 per cent at Rs859.50 per kg in a business turnover of 3,497 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices rose 1.44 per cent to Rs243.10 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for October delivery increased Rs3.45 or 1.44 per cent to Rs243.10 per kg in a business turnover of 3,494 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.