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Copper, Zinc futures rise marginally on fresh bets

Aluminium, Nickel dip on tepid demand

Copper, Zinc futures rise marginally on fresh bets
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Copper, Zinc futures rise marginally on fresh bets

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New Delhi: Copper prices on Thursday rose 0.12 per cent to Rs 590.20 per kg in the futures trade on a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for the December delivery traded higher by 70 paise, or 0.12 per cent, to Rs 590.20 per kg in a business turnover of 6,590 lots.

Zinc prices on Thursday rose 30 paise to Rs 214.80 per kg in the futures trade, tracking a firm trend in physical markets on the back of a pick-up in spot demand. On the Multi Commodity Exchange, zinc contracts for the December delivery traded higher by 30 paise, or 0.14 per cent, at Rs 214.80 per kg with a business turnover of 2,853 lots. Aluminium prices on Thursday softened by 0.57 per cent to Rs 165.90 per kg in the futures trade, as speculators cut bets amid subdued demand in the spot market. On the Multi Commodity Exchange, aluminium for the December delivery eased by 95 paise, or 0.57 per cent, to Rs 165.90 per kg in a business turnover of 943 lots.

Nickel prices on Thursday fell 0.02 per cent to Rs 1,198.80 per kg in the futures trade after participants offloaded their positions amid weak demand in the spot market. On the Multi Commodity Exchange, nickel contracts for the December delivery traded lower by 20 paise, or 0.02 per cent, to Rs 1,198.80 per kg with a business turnover of 1,652 lots.(PTI)

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