 "Copper gains 0.33% on spot demand, global cues")
Copper prices gained 0.33 per cent to Rs 395.85 per kg in futures trade today as speculators created fresh positions driven by a rise in demand in the spot market amid a firm global trend.
Sentiment improved as copper surged the most in 18 months in global markets after a government report showed job hiring rose more than expected last month in the US, the world's second-biggest consumer of the metal.
At the Multi Commodity Exchange, copper for delivery in June rose by Rs 1.30, or 0.33 per cent to Rs 395.85 per kg in business turnover of 13920 lots.
The August contract traded higher by Rs 1.20, or 0.30 per cent to Rs 400.15 per kg in 1248 lots.
Analysts said besides a rise in demand from consuming industries in the spot market, a firm global trend, mainly influenced copper prices at futures market.
Meanwhile, copper rose 6.2 per cent to $7,270 a tonne on the London Metal Exchange.
Sentiment improved as copper surged the most in 18 months in global markets after a government report showed job hiring rose more than expected last month in the US, the world's second-biggest consumer of the metal.
At the Multi Commodity Exchange, copper for delivery in June rose by Rs 1.30, or 0.33 per cent to Rs 395.85 per kg in business turnover of 13920 lots.
The August contract traded higher by Rs 1.20, or 0.30 per cent to Rs 400.15 per kg in 1248 lots.
Analysts said besides a rise in demand from consuming industries in the spot market, a firm global trend, mainly influenced copper prices at futures market.
Meanwhile, copper rose 6.2 per cent to $7,270 a tonne on the London Metal Exchange.
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