Copper futures were trading higher during the afternoon trade in the domestic market on Wednesday as investors and speculators widened their bets in the industrial metal amid surge in demand in the domestic spot markets.
Further, widening of positions by speculators coupled with rise in spot demand, supported the uptrend at copper prices in futures trade. At the MCX, copper futures for August 2016 contract is trading at Rs 320.30 per kg, up by 0.68 per cent, after opening at Rs 318.60, against a previous close of Rs 318.15. It touched the intra-day high of Rs 320.60 (at 13:56 hours).
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