Copper futures edged higher on MCX due to firm trend at the domestic spot markets on increased domestic demand. Moreover, covering-up of short positions, today being the last day of June also added support to copper prices' uptrend.
The contract for June delivery was trading at Rs 385.05, up by 0.31% or Rs 1.20 from its previous closing of Rs 383.85. The open interest of the contract stood at 6476 lots.
The contract for August delivery was trading at Rs 389.00, up by 0.19% or Rs 0.75 from its previous closing of Rs 388.25. The open interest of the contract stood at 11383 lots on MCX.