Commodity Watch: Copper Futures Gain On Firm Spot Demand

New Delhi: Copper futures on Monday rose 0.24 per cent to Rs807.30 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for December delivery climbed Rs1.90 or 0.24 per cent to Rs807.30 per kg in a business turnover of 7,678 lots. Analysts attributed the rise in copper prices to the raising of bets by participants

Aluminium futures rise on fresh bets

Aluminium prices rose Rs2.15 to Rs246.10 per kilogram in the futures market, as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium for delivery in December increased Rs2.15 or 0.88 per cent to Rs246.10 per kg in 3,416 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.