Copper futures traded 1.56 per cent higher at Rs 423 per kg Wednesday on the back of firm global cues amid a pick-up in domestic demand at the spot markets.
At the
Multi Commodity Exchange, copper for delivery in the current month traded higher by Rs 6.50, or 1.56 per cent, to quote at Rs 423 per kg in a business turnover of 16,571 lots.
Market analysts said besides increased demand from consuming industries, a firm trend in base metals in
global market mainly influenced copper prices at the futures trade.
Zinc
Zinc prices inched up by 1.36 per cent to Rs 178.70 per kg in the futures market Wednesday, as traders created fresh positions following upsurge in demand in the spot markets.
At the Multi Commodity Exchange, zinc to be delivered in February was trading higher by Rs 2.40, or 1.36 per cent, to trade at Rs 178.70 per kg in a business turnover of 1,079 lots.
Market attributed the rise in zinc futures to a pick-up in demand from consuming industries in the spot market amid a firm trend in base metals in global market.
Aluminium
Aluminium prices inched up by 0.64 per cent to Rs 133.40 per kg in the futures trade on Wednesday, as speculators created fresh positions amid rising spot demand and positive trend overseas.
At the Multi Commodity Exchange, aluminium for delivery in February edged up by 85 paise, or 0.64 per cent, to Rs 133.40 per kg in 477 lots.
Analysts said building up positions by participants on the back of rising demand from consuming industries in the physical markets coupled with positive global cues, attributed to the rise in aluminium prices.