Copper up 0.34% on global cues

Domestic demand also pushed prices higher

Buoyed by a firming trend overseas and a pick-up in domestic demand, copper prices today rose by 0.34% in futures trade.

At the MCX, copper for delivery in June rose by Rs 1.45, or 0.34%, to Rs 428.05 per kg, with a turnover of 10,781 lots.

The August contract was up by Rs 1.20, or 0.28%, at Rs 432.30 per kg, with a trade volume of 788 lots.

Globally, copper for three-month delivery rose by 1.10% to one-week high of $7,816 a tonne on the London Metal Exchange.

Market analysts attributed the rise in copper futures trade to a firming trend at the LME as Chinese government seeks to spur its economy, and Germany pledged to consider growth measurs for Europe, improving the outlook for metals.