Copper futures up over 1% on rise in demand, firm global cues

Copper futures traded 1.22 per cent higher at Rs 382.90 per kg today after speculators raised their bets, tracking a firming trend in base metals overseas and higher domestic demand.
At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 4.60, or 1.22 per cent, at Rs 382.90 per kg in a business turnover of 1,082 lots.
Similarly, the metal for delivery in far-month April edged higher by Rs 4.15, or 1.09 per cent, to Rs 386.25 per kg in nine lots.
Analysts said that besides an increased demand at the domestic spot markets from consuming industries, a firming trend in base metals at the London Metal Exchange (LME), influenced copper futures here.