NEW DELHI, June 19: Copper rose by 0.32 per cent to Rs 373.60 per kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, copper for delivery in August rose by Rs 1.20, or 0.32 per cent, to Rs 373.60 per kg in a business turnover of 51 lots.
The metal for delivery in current month traded higher by Rs 1.05, or 0.29 per cent, to Rs 367.70 per kg in 1,331 lots.
Analysts attributed the rise to firm demand at the spot market on pickup in industrial demand.
However, metal’s weakness at the London Metal Exchange (LME) amid continued concerns that demand from infrastructure and construction will weaken in China, the world’s biggest consumer, limited the gains of the metal.
Meanwhile, copper for delivery in three months was little changed at USD 5,759.50 per tonne at the LME, while the metal in Shanghai fell 0.4 per cent to 41,900 yuan (USD 6,749) per tonne. (PTI)
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