Commodity Watch: Copper Futures Gain On Higher Spot Demand

New Delhi: Copper futures on Monday rose 0.35 per cent to Rs869.10 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for March delivery climbed Rs3 or 0.35 per cent to Rs869.10 per kg in a business turnover of 3,304 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices rose 60 paise to Rs256.60 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 March increased 60 paise or 0.23 per cent to Rs256.60 per kg in 2,050 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

Zinc futures rise on high demand

Zinc prices rose Rs1.20 to Rs270.35 per kilogram in the futures trade amid a pick-up in spot demand. On MCX, zinc contracts for March delivery traded higher by Rs1.20 or 0.45 per cent at Rs270.35 per kg with a business turnover of 746 lots.