Commodity Watch: Copper futures rise on firm spot demand

New Delhi: Copper prices on Monday rose 0.5 per cent to Rs815 per kilogram in the futures market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in September traded higher Rs4.05 or 0.5 per cent at Rs815 per kg in a business turnover of 9,366 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures gain on fresh bets

Aluminium futures climbed 1.05 per cent to Rs234.70 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for September delivery increased Rs2.45 or 1.05 per cent to Rs234.70 per kg in a business turnover of 2,523 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.