NEW DELHI: Copper and other base metals Wednesday extended gains in the national capital and closed Rs 2 per kg higher on increased buying by stockists influenced by firming global trend.
Trading sentiment remained firm after copper in global markets climbed to the highest in almost eight months, as equities surged and the dollar weakened, boosting the appeal of the metal as a currency hedge.
At LME, three-month delivery copper surged 1.7 per cent to 5,260.25 dollar a tonne, the highest since October 15. In the national capital,copper wire scrap, copper super d rod, copper wire bar and copper mixed scrap were remained in demand and added ano therRs 2 each to Rs 281, Rs 303, Rs 304 and Rs 259 per kg respectively.
Zinc ingot, lead ingot and lead imported also traded higher by the same margin at Rs 98, Rs 92 and Rs 107 per kg respectively.
Following were today's quotations Rs per kg:
Tin ingot 717, zinc ingot 98.00, nickel plate (4x4) 682-844, gun metal scrap 225 bell metal scrap 230, copper wire scrap 281.00, copper super D rod 303.00, copper wire bar 304, copper mixed scrap 259.00, Utensil scrap 219, Chadripital 170. Lead ingot 92, lead imported 107, aluminium ingots 104, sheet cutting 100, aluminium wire scrap 100 and aluminium utensils scrap 90. - PTI
