Commodity Watch: Copper Futures Gain On Higher Demand

New Delhi: Copper prices on Tuesday rose Rs 12.70 to Rs 833.50 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in October traded higher Rs 12.70 or 1.55 per cent at Rs 833.50 per kg in a business turnover of 7,772 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices on Tuesday climbed 1.5 per cent to Rs 233.25 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 October delivery increased Rs 3.45 or 1.5 per cent to Rs 233.25 per kg in a business turnover of 3,254 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.