PTI reported that Indian copper prices rose by INR 1.15 to INR 434.80 per kilogram in futures trade as speculators enlarged positions,driven by increased demand from consuming industries in the spot market.
At the Multi Commodity Exchange,copper for delivery in November rose by INR 1.15 or 0.27%to INR 434.80 per kilogram in business turnover of 10,238 lots.February copper moved up by 90 paise or 0.21%to INR 439.90 per kilogram in 1,915 lots.
Market analysts said that the rise in copper prices at futures trade was mostly attributed to increased demand from consuming industries in the spot market.
Source:
http://www.steelguru.com/metals_news/Indian_copper_marginally_up_on_spot_demand/293327.html
