 "Copper up 0.1% on spot demand, global cues")
Copper futures were up 0.07% at Rs 301.90 per kg today as speculators enlarged bets, largely in step with a firming trend in metal at domestic spot market on industrial demand amid a firm trend overseas.
At Multi Commodity Exchange, copper for delivery in June rose 20 paise, or 0.07%, at Rs 301.90 per kg, in a turnover of 543 lots.
Metal for delivery in far-month August also rose by a similar margin to trade at Rs 306.55 per kg, with trade volume of 13 lots.
Globally, copper for delivery in three months strengthened 0.2% to $4,524.50 per tonne at the LME.
At Multi Commodity Exchange, copper for delivery in June rose 20 paise, or 0.07%, at Rs 301.90 per kg, in a turnover of 543 lots.
Metal for delivery in far-month August also rose by a similar margin to trade at Rs 306.55 per kg, with trade volume of 13 lots.
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Analysts attributed gain in copper futures to pick up in demand from consuming industries at domestic spot markets and a rebound in metal at the London Metal Exchange (LME).
Globally, copper for delivery in three months strengthened 0.2% to $4,524.50 per tonne at the LME.
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