Commodity Watch: Copper futures gain on higher demand
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New Delhi: Copper prices on Monday rose 0.42 per cent to Rs731 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in March traded higher by Rs3.05 or 0.42 per cent at Rs731 per kg in a business turnover of 3,971 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.
Aluminium futures rise on fresh bets
Aluminium prices on Monday inched up 0.2 per cent to Rs201.85 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for March delivery increased marginally 40paise or 0.2 per cent to Rs201.85 per kg in a business turnover of 4,617 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
