 "Copper extend gains on global cues, spot demand")
Buoyed by a firm global trend and increased domestic demand, copper maintained its upward journey and prices rose by another 0.21% to Rs 448.55 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February traded higher by 95 paise, or 0.21% to Rs 448.55 per kg in business turnover of 526 lots.
Similarly, the metal for delivery in April edged up by 85 paise, or 0.19% to Rs 452.80 per kg in a turnover of 33 lots.
Meanwhile, copper for delivery in three months traded a shade higher at $7,164.50 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in February traded higher by 95 paise, or 0.21% to Rs 448.55 per kg in business turnover of 526 lots.
Similarly, the metal for delivery in April edged up by 85 paise, or 0.19% to Rs 452.80 per kg in a turnover of 33 lots.
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Market analysts said apart from increased demand from consuming industries, a firming trend overseas after a report showed China's new credit expanded to a record, supporting demand prospects in the world's biggest user of the metal, influenced copper prices at futures trade.
Meanwhile, copper for delivery in three months traded a shade higher at $7,164.50 a tonne on the London Metal Exchange.
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