Commodity Watch: Copper futures gain on higher spot demand
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New Delhi: Copper prices on Wednesday rose 0.13 per cent to Rs 811.05 per kilogram in the futures market on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for delivery in August traded higher Rs 1.05 or 0.13 per cent at Rs 811.05 per kg in a business turnover of 10,521 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.
Aluminium futures rise on fresh bets
Aluminium prices on Wednesday climbed 0.19 per cent to Rs 214.15 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 August delivery increased 40 paise or 0.19 per cent to Rs 214.15 per kg in a business turnover of 4,158 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
