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Copper gains 0.36% on bullish German data

By Religare
|

Copper prices rose by 0.36 per cent on Thursday at the domestic markets after German factory orders rose more-than-expected last month, official data showed on Thursday signaling improving sentiment in the region which raised the demand outlook for the metal. In a report, Bundesministerium fr Wirtschaft und Technologie said that German factory orders rose to a seasonally adjusted 2.0 per cent, from -0.3 per cent in the preceding month whose figure was revised down from -0.2 per cent.

 

At the MCX, copper futures for August 2015 contract were trading at Rs.332.90 per 1 kg, up by 0.36 per cent, after opening at Rs. 332.40 against the previous closing price of Rs. 331.70. It touched the intra-day high of Rs. 333.60 till the trading. (At 11.59 AM today).

Story first published: Thursday, August 6, 2015, 23:00 [IST]
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