Copper up 0.36% on global cues
Encouraging US economic data pulled prices higher
Supported by a firming trend overseas and a pick-up in domestic demand, copper prices today rose by 0.36% to Rs 421.55 per kg in futures trade.
At the MCX, copper for delivery in June rose by Rs 1.50, or 0.36%, to Rs 421.55 per kg, with a turnover of 2,631 lots.
The August contract was up by Rs 1.40, or 0.33%, at Rs 426.15 per kg, with a trade volume of 793 lots.
Copper three-month delivery rose 0.3% to $7,429.75 per tonne at the London Metal Exchange (LME) in early trade today.
Market analysts besides pick up in spot demand, a firming trend in metal at the LME on encouraging US economic data, led to a rise in copper futures prices here.