 "Copper rises by 1% on global cues")
Copper prices rose by Rs 3.55 to Rs 379.05 per kg in futures trade today largely in tandem with a firming trend overseas amids rising demand in domestic spot markets.
At the Multi Commodity Exchange, copper for delivery in April month contracts gained Rs 3.55, or 0.95%, to Rs 379.05 per kg in a business turnover of 790 lots.
The metal for delivery in far-month June edged up by Rs 3.30, or 0.87%, to Rs 383.90 per kg in 34 lots.
Globally, in New York, copper for delivery in May on the Comex advanced 0.6% to $2.7495 a pound.
The London Metal Exchange and Shanghai Futures Exchange are closed for holidays in the UK and China.
At the Multi Commodity Exchange, copper for delivery in April month contracts gained Rs 3.55, or 0.95%, to Rs 379.05 per kg in a business turnover of 790 lots.
The metal for delivery in far-month June edged up by Rs 3.30, or 0.87%, to Rs 383.90 per kg in 34 lots.
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Analysts attributed the rise in copper futures to a firm trend in overseas markets after data showing the weakest pace of US hiring in more than a year weakened the dollar and boosted commodities.
Globally, in New York, copper for delivery in May on the Comex advanced 0.6% to $2.7495 a pound.
The London Metal Exchange and Shanghai Futures Exchange are closed for holidays in the UK and China.
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