Commodity Watch: Copper Futures Recover On Firm Spot Demand

New Delhi: Copper futures on Friday saw an uptick of 0.27 per cent to Rs828 per kilogram on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for October delivery increased by Rs2.25 or 0.27 per cent to Rs828 per kg in a business turnover of 7,379 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices increased Rs2.50 to Rs237.50 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 October advanced Rs2.50 or 1.05 per cent to Rs237.50 per kg in 758 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.