Copper futures gained in the intraday session of the MCX today on renewed buying interest following upward movement in overseas market.
On the London Metal Exchange (LME), Copper for three-month delivery rose nearly 1% to USD 5,085 a ton. It touched the highest level of 5,125 supported by lower stocks at accelerated warehouse.
On MCX Copper June contract increased by 0.76% to Rs 244.95 per kg today. It opened at Rs 244 as against its earlier close of Rs 243.10. It hovered in the range of Rs 246.20-243 per kg (4.55 p.m., Monday).
Similarly, Copper August contract inclined by 0.73% to Rs 238.65. It opened at Rs 246.50 as compared to its previous closing of Rs 245.65 and touched the highest level for the day at Rs 246.50 per kg.
Copper November contract is also quoted higher by 0.77% at Rs 249.45 per kg. It opened at Rs 248.90 as against its earlier close of Rs 247.55 per kg.
