Copper up 0.2% on firm global cues
Copper prices traded higher by 0.20% to Rs 422.10 per kg in futures trade today as speculators created fresh positions on firming global trend.
At the Multi Commodity Exchange, copper for delivery in February traded higher by 85 paise, or 0.20% to Rs 422.10 per kg in business turnover of 7,073 lots.
The April contract edged higher by 70 paise, or 0.16% to Rs 426.80 per kg in 612 lots.
Analysts said fresh buying by speculators in tandem with a firming global trend mainly led to rise in copper prices at futures trade.
Meanwhile, copper for three-month delivery advanced 0.8% to $8,550 a metric tonne on the London Metal Exchange.