Copper futures up on domestic demand

NEW DELHI: In range-bound trading, copper futures edged higher by 0.10 per cent today largely in line with a better trend at the spot markets on pick-up in demand.

However, copper's weakness at the London Metal Exchange, restricted gains.

At the Multi Commodity Exchange, copper for delivery in August moved up by 45 paise, or 0.10 per cent, to Rs 430.55 per kg, with a turnover of 2,705 lots.

Likewise, the metal for delivery in November gained 40 paise, or 0.09 per cent, to Rs 436.50 per kg, with a turnover of 214 lots.

Market analysts attributed a moderate rise in copper prices at futures trade to good demand at spot markets.

However, weakness at the London Metal Exchange ( LME) limited the gains, they added.

Meanwhile, copper for three-month delivery lost 0.4 per cent to USD 9,533.50 a tonne on the LME.