Commodity Watch: Futures gain on firm spot demand

New Delhi: Copper prices on Monday rose 0.68 per cent to Rs796.50 per kilogram in the futures market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in October traded higher Rs5.40 or 0.68 per cent at Rs796.50 per kg in a business turnover of 1,397 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.

Aluminium futures rise on fresh bets

Aluminium prices climbed 0.85 per cent to Rs218.45 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 39 paise or 0.85 per cent to Rs218.45 per kg in a business turnover of 3,982 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.