Copper rises due to optimistic overseas cues

Posted By: Religare
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Copper rises due to optimistic overseas cues
Yesterday, the prices of copper for the June contract traded higher by 65 paise, or 0.16%, to Rs 404.50 per kg, with a business turnover of 6,426 lots at the Multi Commodity Exchange (MCX) due to the steady trend in the base metals at the London Metal Exchange (LME) and the rise in the local spot demand.

The copper for the August contract edged up by 55 paise, or 0.13%, to Rs 409.60 per kg, with an open interest of 732 lots at the MCX.

The copper for three-month rose 0.4% to $9,045 a tonne at the LME.

Read more about: copper, metal, commodities, mcx
Story first published: Wednesday, June 22, 2011, 13:30 [IST]
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