Copper prices surge 0.60 pc tracking global trend@MCX Commodity Tips
Copper futures were trading higher in the domestic market on Thursday as participants raised their bets largely in tune with firming global trend and a pick-up in spot demand.
Market analysts attributed the rise in copper futures to a firming trend in base metals overseas where copper rebounds after recent sell-off and pick-up in demand at domestic spot markets.
At the MCX, copper futures for February 2018 contract was trading at Rs 427.10 per kg, up by 0.60 per cent, after opening at Rs 427.25, against a previous close of Rs 426.50. It touched the intra-day high of Rs 428.00.