 "Copper gains marginally on global cues")
Copper prices traded a shade higher by 0.05 per cent to Rs 427.55 per kg in futures trading today as speculators enlarged positions amid a firming global trend.
At the Multi Commodity Exchange, copper for delivery in November moved up by 20 paise, or 0.05 per cent, to Rs 427.55 per kg in a business turnover of 646 lots.
Analysts attributed the rise in copper futures to a firming global trend where the metal traded near one-week high before trade data from China, the biggest consumer of industrial metals.
Meanwhile, copper for delivery in three months saw little change at $6,980 a metric tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in November moved up by 20 paise, or 0.05 per cent, to Rs 427.55 per kg in a business turnover of 646 lots.
Analysts attributed the rise in copper futures to a firming global trend where the metal traded near one-week high before trade data from China, the biggest consumer of industrial metals.
Meanwhile, copper for delivery in three months saw little change at $6,980 a metric tonne on the London Metal Exchange.