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08-Aug2018

Copper futures trade higher on positive global cues

Copper futures traded higher on MCX, as speculators built up fresh positions, taking positive cues from the overseas market. Moreover, uptick in demand from consuming industries at the domestic spot market too fuelled the uptrend.

The contract for August delivery was trading at Rs 420.20, up 0.50 % or Rs 2.10 from its previous closing of Rs 418.10. The open interest of the contract stood at 29710 lots.

The contract for November delivery was trading at Rs 427.05, up by 0.42 % or Rs 1.80 from its previous closing of Rs 425.25. The open interest of the contract stood at 836 lots on MCX.


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