Copper Futures Up 0.11% On Spot Demand

Copper futures were trading higher during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal after recent price fall. However, caution prevailed as broader industry sentiment pointed to a weaker outlook, restricted further rise in copper prices. 

At the MCX, copper futures for April 2017 contract is trading at Rs 365.75 per kg, up by 0.11 per cent, after opening at Rs 366.20, against a previous close of Rs 365.35. It touched the intra-day high of Rs 367.35.

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