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11-Jul2017

Copper futures trade higher on pickup in demand

Copper futures traded higher on MCX as traders built up fresh positions, amid pickup in demand at the domestic spot market. Though, some gains were capped on weak trend in the overseas markets.

The contract for August delivery was trading at Rs 380.70, up by 0.38% or Rs 1.45 from its previous closing of Rs 379.25. The open interest of the contract stood at 15050 lots.

The contract for November delivery was trading at Rs 386.55, up by 0.51% or Rs 1.95 from its previous closing of Rs 384.60. The open interest of the contract stood at 1180 lots on MCX.


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