Copper futures up on spot demand

Amid pick up in demand from consuming industries, copper prices moved up by 0.06 per cent to Rs 422.95 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in November was up by 25 paise, or 0.06 per cent, to Rs 422.95 per kg, in a business volume of 978 lots.

Metal for delivery in far-month February too gained 15 paise, or 0.04 per cent, to Rs 427.15 per kg, in a business turnover of 10 lots.

Marketmen attributed the rise in copper futures to a firming trend in metal at the domestic spot markets on the back of pick up in demand.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)