 "Copper up by 0.2% on global cues")
Taking positive cues from overseas markets, copper prices moved up by 0.24% to Rs 338.55 per kg in futures trade today as speculators created fresh positions.
Besides, pick up in demand from consuming industries in the spot market supported the upside.
At the Multi Commodity Exchange, copper for delivery in far-month February rose by 80 paise, or 0.24%, to Rs 338.55 per kg in a business turnover of 72 lots.
Analysts attributed the rise in copper at futures trade to a firm global trend ahead of US payrolls data, which is expected to show a steady economic recovery in the world's second-largest metals consumer.
Meanwhile, copper for delivery in three months traded 0.7% higher at $5,046 per tonne on the London Metal Exchange.
Besides, pick up in demand from consuming industries in the spot market supported the upside.
At the Multi Commodity Exchange, copper for delivery in far-month February rose by 80 paise, or 0.24%, to Rs 338.55 per kg in a business turnover of 72 lots.
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Similarly, the metal for delivery in November traded higher by 50 paise, or 0.15%, to Rs 330.60 per kg in 2,656 lots.
Analysts attributed the rise in copper at futures trade to a firm global trend ahead of US payrolls data, which is expected to show a steady economic recovery in the world's second-largest metals consumer.
Meanwhile, copper for delivery in three months traded 0.7% higher at $5,046 per tonne on the London Metal Exchange.
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