Commodity Watch: Copper futures gain on higher spot demand

New Delhi: Copper prices on Friday rose 1.56 per cent to Rs797.40 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 Rs12.25 or 1.56 per cent at Rs797.40 per kg in a business turnover of 12,051 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices on Friday climbed 2.35 per cent to Rs218.70 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 Rs2.35 or 1.09 per cent to Rs218.70 per kg in a business turnover of 3,791 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.