 "Copper up by 0.9% on positive global cues")
Taking positive cues from overseas markets and a pickup in spot demand, copper futures rose by 0.91% today to Rs 356.50 per kg.
At the Multi Commodity Exchange, copper for delivery in August was trading higher by Rs 3.20, or 0.91%, to Rs 356.50 per kg, with a turnover of 1,320 lots.
Similarly, the metal for delivery in far-month November contract was up by Rs 3.10, or 0.86%, at Rs 362.90 per kg, with a trade volume of 34 lots.
Analysts attributed the rise in copper in futures trade to a firming trend on the LME and pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in August was trading higher by Rs 3.20, or 0.91%, to Rs 356.50 per kg, with a turnover of 1,320 lots.
Similarly, the metal for delivery in far-month November contract was up by Rs 3.10, or 0.86%, at Rs 362.90 per kg, with a trade volume of 34 lots.
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Globally, copper for three-month delivery rose 0.6% to $5,555.50 a tonne on the London Metal Exchange (LME), while the metal for September in Shanghai gained 6.3% to 40,480 yuan ($6,520) per tonne.
Analysts attributed the rise in copper in futures trade to a firming trend on the LME and pick-up in spot demand.
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