 "Copper gains by 0.3% on overseas trend")
Amid a firming global trend, copper prices moved up by Rs 1.05, or 0.26%, to Rs 404.45 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in far-month February next year was up by Rs 1.05, or 0.26%, to Rs 404.45 per kg in a bsuiness volume of 353 lots.
Metal for delivery in April 2015 gained 95 paise, or 0.23%, to Rs 408.30 per kg in business turnoverof seven lots.
Further, rising demand from consuming industries at domestic spot markets supported the upside, they said.
Meanwhile, copper for delivery in three months rose 0.2% to $6,460.75 a tonne at the LME.
At the Multi Commodity Exchange, copper for delivery in far-month February next year was up by Rs 1.05, or 0.26%, to Rs 404.45 per kg in a bsuiness volume of 353 lots.
Metal for delivery in April 2015 gained 95 paise, or 0.23%, to Rs 408.30 per kg in business turnoverof seven lots.
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Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME).
Further, rising demand from consuming industries at domestic spot markets supported the upside, they said.
Meanwhile, copper for delivery in three months rose 0.2% to $6,460.75 a tonne at the LME.
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