Copper Futures Edge Higher On Pickup In Demand

Copper futures edged higher on MCX as speculators raised their bets, amid pickup in demand at the domestic markets form consuming industries. Moreover, positive cues from global market too fuelled the uptrend. The contract for November delivery was trading at Rs 447.80, up by 0.63% or Rs 2.80 from its previous closing of Rs 445.00. The open interest of the contract stood at 23289 lots.

The contract for February delivery was trading at Rs 452.20, up by 0.58% or Rs 2.60 from its previous closing of Rs 449.60. The open interest of the contract stood at 377 lots on MCX.

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