 "Copper up 0.4% on global cues")
Copper futures rose 0.48% to Rs 412.15 per kg today on positive cues from global markets and rising domestic spot demand.
At the Multi Commodity Exchange, copper for delivery in June rose by Rs 1.95, or 0.48%, to Rs 412.15 per kg, with a turnover of 677 lots.
Similarly, the metal for delivery in August was up by Rs 1.85, or 0.45%, at Rs 414.45 per kg, with a trade volume of 22 lots.
Market analysts said fresh positions created by participants, tracking a firming trend at the LME and rising demand in the spot markets, influenced copper prices at futures trade.
At the Multi Commodity Exchange, copper for delivery in June rose by Rs 1.95, or 0.48%, to Rs 412.15 per kg, with a turnover of 677 lots.
Similarly, the metal for delivery in August was up by Rs 1.85, or 0.45%, at Rs 414.45 per kg, with a trade volume of 22 lots.
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Globally, copper for delivery in three months rose 0.5% to $6,892 per tonne at the London Metal Exchange, while in Shanghai, futures for delivery in August climbed 0.6% to 48,510 yuan ($7,778) per tonne.
Market analysts said fresh positions created by participants, tracking a firming trend at the LME and rising demand in the spot markets, influenced copper prices at futures trade.
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