 "Copper rises by 0.4% on global cues, spot demand")
Supported by a firm global trend and increased domestic demand, copper prices rose by 0.43% to Rs 416.55 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 1.80, or 0.43%, to Rs 416.55 per kg in business turnover of 4,298 lots.
The metal for delivery in November too rose by a similar margin to trade at Rs 423.25 per kg in 217 lots.
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Globally, copper for delivery in three months climbed 1% to $6,985 tonne on the London Metal Exchange, while at Shanghai Futures Exchange prices for delivery in November gained 1.2% to 50,130 yuan ($8,169) a tonne.
Market analysts said besides increased demand from consuming industries, a firm overseas trend following weakness in the dollar overseas, coupled with growth- supportive measures in China, lent support to copper prices at futures trade here.