Monday, 3 November 2014

MCX Commodity Copper Price

Base metals on the LME traded on a positive note last week as the Bank of Japan surprisingly voted to increase the monetary base at an annual pace of JPY 80-T per year, above its previous target of JPY 60-70-T. Also, better than estimated GDP data from the US acted as a positive factor.

In the Indian markets, copper prices surged by 0.6 percent and closed at Rs.414.7/kg on Friday.

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