 "Copper futures rise on spot demand")
Copper was up 0.22 per cent to Rs 412.40 per kg in futures trade today as speculators enlarged positions, driven by rising demand from consuming industries at domestic spot market.
However, metal's weakness at the London Metal Exchange (LME) limited the gains.
Copper for delivery in June contracts traded higher by 90 paise, or 0.22 per cent, to Rs 412.40 per kg in business turnover of 141 lots in futures trade at the Multi Commodity Exchange.
Analysts said increased demand from consuming industries helped copper futures to trade higher, but metal's losses at LME restricted gains.
Globally, copper for delivery in three months lost 0.2 per cent to USD 6,391.50 a tonne on LME while at Shanghai Futures Exchange while the metal for July delivery slipped 0.6 per cent to 45,810 yuan a tonne.
However, metal's weakness at the London Metal Exchange (LME) limited the gains.
Copper for delivery in June contracts traded higher by 90 paise, or 0.22 per cent, to Rs 412.40 per kg in business turnover of 141 lots in futures trade at the Multi Commodity Exchange.
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Also, metal for delivery in far-month August contracts edged up 50 paise, or 0.12 per cent, to Rs 416.80 per kg in business volume of just one lot.
Analysts said increased demand from consuming industries helped copper futures to trade higher, but metal's losses at LME restricted gains.
Globally, copper for delivery in three months lost 0.2 per cent to USD 6,391.50 a tonne on LME while at Shanghai Futures Exchange while the metal for July delivery slipped 0.6 per cent to 45,810 yuan a tonne.