Lead prices traded high by 0.47% in futures trade on Thursday, since participants engaged in making fresh positions due to pick up in demand from industries in the spot market. Copper futures glided more from their 3-year highs today. COMEX Copper is down 0.78 percent at USD 3.12 per pound. MCX Copper futures are also on downside 0.83 percent at Rs 444.05 per kg after testing a low near Rs 443 levels.
At the MCX, copper for delivery in far-month February next year contracts surged by Rs 2.25, to Rs 451.85 per kg in business turnover of 3 lots, while Nickel moved up by 0.82% to Rs 778.80 per kg in futures trading AS participants widened their bets, amid a strong global cues. At the MCX, nickel for delivery in October rose by Rs 6.30 to Rs 778.80/ kg in a business turnover of 17 lots.
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