Commodity Watch: Copper Futures Gain On Higher Spot Demand

New Delhi: Copper futures on Tuesday rose Rs 1.95 to Rs 868.15 per kilogram on the back of higher spot demand. On the Multi Commodity Exchange, copper contracts for March delivery climbed Rs 1.95 or 0.23 per cent to Rs 868.15 per kg in a business turnover of 3,564 lots. Analysts attributed the rise in copper prices to higher bets by participants.

Aluminium futures fall on trimmed positions

Aluminium prices on Tuesday slipped 45 paise to Rs 256.55 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in March fell 45 paise or 0.18 per cent to Rs 256.55 per kg in 2,209 lots. Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.