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Published on 12/07/2018 1:30:20 PM | Source: Dion Global Solutions Ltd.

Copper futures rise 1.08% on overseas cues

Posted in Commodities| #Copper #MCX #Commodity

Copper futures were trading higher during the noon trade in the domestic market on Thursday as speculators built up of fresh positions amid positive global cues. Market analysts said fresh positions created by participants following a firm trend overseas mainly led to a rise in copper prices at futures trade.

At the MCX, copper futures for August 2018 contract is trading at Rs 424.70 per kg, up by 1.08 per cent, after opening at Rs 421.50, against a previous close of Rs 420.15. It touched the intra-day high of Rs 425.80 (at 12:15 hours).