Commodity Watch: Higher spot demand propelling copper futures up
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New Delhi: Copper prices on Friday rose 0.39 per cent to Rs799.10 per kilogram in the futures market on the back of higher spot demand. On Multi Commodity Exchange (MCX), copper contracts for delivery in August traded higher Rs3.10 or 0.39 per cent at Rs799.10 per kg in a business turnover of 13,320 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.
Aluminium futures rise on fresh bets
Aluminium futures climbed 0.14 per cent to Rs211.70 per kilogram as speculators built up fresh positions amid a positive trend in the spot market. On MCX, aluminium contracts for August delivery increased 30 paise or 0.14 per cent to Rs211.70 per kg in a business turnover of 4,796 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
