Copper futures gain on positive global cues

Copper futures rose by 0.12 per cent to Rs 331 per kg today amid positive global cues and pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in August rose 40 paise, or 0.12 per cent, to Rs 331 per kg, with a turnover of 956 lots.
Similarly, the metal for delivery in far-month November was up by 20 paise, or 0.06 per cent, at Rs 337.10 per kg, with a trade volume of 16 lots.
Market analysts said besides rising demand in the spot markets, a firming trend in the base metals pack in the global market, led to the rise in copper in futures market.

Globally, copper for delivery in three months at the LME rose 0.6 per cent to USD 5,328.50 per tonne.