Commodity Watch: Copper Futures Gain On Firm Spot Demand

New Delhi: Copper futures on Monday rose 0.07 per cent to Rs837.25 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for November delivery increased by 55 paise or 0.07 per cent to Rs837.25 per kg in a business turnover of 7,616 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures fall on low demand

Aluminium prices slipped Rs1.15 to Rs 242.45 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market. On MCX, aluminium for delivery in November fell Rs1.15 or 0.47 per cent to Rs242.45 per kg in 3,379 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.