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10-May2019

Copper futures trade marginally higher on improved demand

Copper futures traded marginally higher on MCX as speculators enlarged their exposure amid improved demand at the spot market. Copper prices gained further by tracking firm trend overseas on hopes of easing Sino-US trade tensions, which have been threatening economic growth, even as higher US tariffs on more Chinese goods took effect on Friday.

The contract for June delivery was trading at Rs 432.85, up by 0.15% or Rs 0.65 from its previous closing of Rs 432.20. The open interest of the contract stood at 15668 lots on MCX.


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