 "Copper edges up, tracking global cues")
Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.35% to Rs 383.90 per kg in futures trade today as participants created speculative positions.
At the Multi Commodity Exchange, copper for delivery in June traded higher by Rs 1.35, or 0.35%, at Rs 383.90 per kg in a business turnover of 486 lots.
Metal for delivery in August contracts edged up by Rs 1.20, or 0.31%, to Rs 388.70 per kg in 10 lots.
Globally, copper for delivery in three months rose 0.2% to $5,949.50 a tonne on the London Metal Exchange (LME) while in Shanghai, the metal for delivery in August advanced 0.6% to 43,080 yuan ($6,945) per tonne.
Analysts said a firming overseas trend after a strong US jobs report card in five months and trade data from China, the biggest metal consumer, mainly influenced copper prices here.
At the Multi Commodity Exchange, copper for delivery in June traded higher by Rs 1.35, or 0.35%, at Rs 383.90 per kg in a business turnover of 486 lots.
Metal for delivery in August contracts edged up by Rs 1.20, or 0.31%, to Rs 388.70 per kg in 10 lots.
ALSO READ: Copper down 0.1% on weak global cues
Globally, copper for delivery in three months rose 0.2% to $5,949.50 a tonne on the London Metal Exchange (LME) while in Shanghai, the metal for delivery in August advanced 0.6% to 43,080 yuan ($6,945) per tonne.
Analysts said a firming overseas trend after a strong US jobs report card in five months and trade data from China, the biggest metal consumer, mainly influenced copper prices here.
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