NEW DELHI, June 24: Buoyed by a firm trend at domestic spot market, copper prices rose 0.20 per cent to Rs 372.85 per kg in futures trade today as speculators widened positions even as metal softened at the London Metal Exchange.
Copper for delivery in far-month August was trading 75 paise, or 0.20 per cent higher at Rs 372.85 per kg in a business volume of 33 lots in futures trading at the Multi Commodity Exchange.
Also, the metal for delivery in current month (June) edged up by 45 paise, or 0.12 per cent, to Rs 367.60 per kg in 384 lots.
According to marketmen, the rise in copper price at futures trade was mostly attributed to rising demand at spot markets but metal’s weakness at the London Metal Exchange (LME), capped the gains.
Meanwhile, copper for delivery in three months fell 0.3 per cent to USD 5,757 per tonne at LME after climbing the most in seven weeks yesterday. (PTI)
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