 "Copper up 0.1% on spot demand, global cues")
Copper prices rose by 0.12% to Rs 458.15 per kg in futures trading today as speculators created fresh positions, driven by a firming overseas trend.
Sentiment bolstered after copper rose in overseas markets, as China's economic growth accelerated for the first time in three quarters, boosting the demand prospect for metals in the largest user.
At the Multi Commodity Exchange, copper for delivery in February rose by 55 paise, or 0.12%, to Rs 458.15 per kg in business turnover of 53 lots.
Market analysts attributed the rise in copper futures to a firm trend in overseas markets, as China's economic growth accelerated for the first time in three quarters, boosting the demand prospect for metals in the largest user.
Also, a pick-up in demand in the spot market further fuelled the uptrend, they said.
Meanwhile, copper rose 0.3% to $7,248 a tonne on the London Metal Exchange.
Sentiment bolstered after copper rose in overseas markets, as China's economic growth accelerated for the first time in three quarters, boosting the demand prospect for metals in the largest user.
At the Multi Commodity Exchange, copper for delivery in February rose by 55 paise, or 0.12%, to Rs 458.15 per kg in business turnover of 53 lots.
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Similarly, the metal for delivery in November edged higher by 35 paise, or 0.08%, to Rs 447.95 per kg in 1,677 lots.
Market analysts attributed the rise in copper futures to a firm trend in overseas markets, as China's economic growth accelerated for the first time in three quarters, boosting the demand prospect for metals in the largest user.
Also, a pick-up in demand in the spot market further fuelled the uptrend, they said.
Meanwhile, copper rose 0.3% to $7,248 a tonne on the London Metal Exchange.
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