Copper Futures Up On Spot Demand

Copper futures were trading higher during the noon trade in the domestic market on Friday as participants extended their positions in the industrial metal amid rise in physical demand for copper in the domestic spot market.

 

Further, the price for copper in the domestic markets rose due to an increase in demand for the metal at the futures trade. At the MCX, copper futures for November 2016 contract is trading at Rs 321.50 per kg, up by 0.14 per cent, after opening at Rs 320.80, against a previous close of Rs 321.05. It touched the intra-day high of Rs 321.70 (at 12:04 hours).

 

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