Buoyed by a firming trend at the London Metal Exchange and pick-up in spot demand, copper futures traded 1.26% higher in futures trade today.
Sentiments turned better as copper strengthened after the US Federal Reserve pledged to keep its benchmark interest rate zero for at least two years.
At the Multi Commodity Exchange, copper for August delivery traded higher by Rs 5, or 1.26%, to Rs 402.65 per kg, with a business turnover of 14,259 lots.
Similarly, the metal for November delivery edged up by Rs 4.95, or 1.23%, to Rs 407.95 per kg, with a turnover of 1,123 lots.
Market analysts said a firming trend in base metals at the London Metal Exchange, after the US Federal Reserve announced it would keep interest rates near zero for at least two years, along with pick up in local demand, influenced the copper futures prices.
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