Copper futures slightly up in range-bound trade

Taking firm cues from global markets, copper futures prices rose marginally to Rs 377.90, per kg today.

Pick up in demand at domestic markets also supported the uptrend.

At the Multi Commodity Exchange platform, copper for delivery in November rose by 20 paise, or 0.02 per cent to, Rs 377.90 per kg, with a business turnover of 1,807 lots. It gained 0.50 per cent to Rs 377.60 per kg in the previous session.

Similarly, the metal for delivery in February traded higher by 10 paise, or 0.01 per cent, to Rs 379.50 per kg, with a business turnover of 148 lots.

Analysts said reports of firming trend at overseas markets, where the metal climbed to a 27-month high, boosted by shrinking stockpiles and pick up in demand at domestic markets, mainly influenced the copper futures prices.

Meanwhile, copper for the three-month delivery gained 0.60 per cent, to $8,492 a metric tonne on the London Metal Exchange, the highest price since July 2008.