Commodity Watch: Copper Futures Gain On Firm Spot Demand

New Delhi: Copper futures on Wednesday rose 0.12 per cent to Rs909.40 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for April delivery grew Rs1.10 or 0.12 per cent to Rs909.40 per kg in a business turnover of 4,130 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices rose 35 paise to Rs262.10 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 April increased 35 paise or 0.13 per cent to Rs262.10 per kg in 1,264 lots.

Zinc futures rise on high demand

Zinc futures grew 35 paise to Rs278.40 per kilogram in the futures trade amid a pick-up in spot demand. On MCX, zinc contracts for April delivery traded higher by 35 paise or 0.13 per cent at Rs278.40 per kg with a business turnover of 736 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.