Copper rises due to overseas cues

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Copper rises due to overseas cues
Yesterday, the prices of copper for the April contract rose by Rs 1.15, or 0.29% to Rs 417.95 per kg, with a business turnover of 8,471 lots at the Multi Commodity Exchange (MCX) due to a bounce back in the entire base metals pack globally.

The metal for the June contract also gained Rs 1.15, or 0.28% to Rs 425 per kg, with a business turnover of 3,977 lots at the MCX.

The copper for three-month-delivery rose by 2.1% to $9,515 a metric tonne on the London Metal Exchange.

Moreover, the steady trend at the London Metal Exchange as a weaker dollar boosted buying in commodities including metals which also supported the prices.

Read more about: copper, mcx, investment
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