Commodity Watch: Copper futures recover on firm spot demand

New Delhi: Copper futures on Friday rose 0.68 per cent to Rs779.40 per kilogram market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in August traded higher Rs5.25 or 0.68 per cent at Rs779.40 per kg in a business turnover of 13,755 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium futures climbed 0.84 per cent to Rs214.85 per kilogram as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for August delivery increased Rs1.80 or 0.84 per cent to Rs214.85 per kg in a business turnover of 4,254 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.