 "Copper up 0.4% on spot demand")
Amid increased domestic demand, copper prices rose by 0.46% to Rs 450.85 per kg in futures trade today as participants enlarged positions.
However, metal's weakness at the London Metal Exchange (LME) as stockpiles in China rose for the third week, indicating slowing demand from the world's biggest user of industrial metals capped gains.
At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 2.05, or 0.46%, to Rs 450.85 per kg in business turnover of 1,002 lots.
Globally, copper for delivery in three months fell 0.50% at $7,208 a tonne at the LME.
Market analysts said increased demand from consuming industries at domestic spot markets, mainly attributed rise in copper prices at futures trade but a weak trend overseas, limited the gains.
Meanwhile, stockpiles monitored by the Shanghai Futures Exchange rose 6.5% to 172,109 tonnes last week, the highest level since July 4.
However, metal's weakness at the London Metal Exchange (LME) as stockpiles in China rose for the third week, indicating slowing demand from the world's biggest user of industrial metals capped gains.
At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 2.05, or 0.46%, to Rs 450.85 per kg in business turnover of 1,002 lots.
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On the similar lines, the metal for delivery in February last year edged up by Rs 1.90, or 0.41%, to Rs 461 per kg in a turnover of 34 lots.
Globally, copper for delivery in three months fell 0.50% at $7,208 a tonne at the LME.
Market analysts said increased demand from consuming industries at domestic spot markets, mainly attributed rise in copper prices at futures trade but a weak trend overseas, limited the gains.
Meanwhile, stockpiles monitored by the Shanghai Futures Exchange rose 6.5% to 172,109 tonnes last week, the highest level since July 4.
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