 "Copper up by 0.1% on overseas trend")
Copper prices edged up by 0.10% to Rs 355.85 per kg in futures trade today as speculators created fresh positions, taking positive cues from global markets.
Besides, pick up in demand from consuming industries in the spot market supported the uptrend,
At the Multi Commodity Exchange, copper for delivery in February edged higher by 35 paise, or 0.10% to Rs 355.85 per kg in business turnover of 262 lots.
Market analysts attributed the rise in copper futures to a firm global trend before data that will signal the pace of growth in the US and China, the world's two biggest metals consumers.
Meanwhile, copper for delivery in three months rose 0.3% to $5,734.50 a metric tonne on the London Metal Exchange.
Besides, pick up in demand from consuming industries in the spot market supported the uptrend,
At the Multi Commodity Exchange, copper for delivery in February edged higher by 35 paise, or 0.10% to Rs 355.85 per kg in business turnover of 262 lots.
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Similarly, the metal for delivery in April contracts traded higher by 15 paise, or 0.04% to Rs 359.70 per kg in 2 lots.
Market analysts attributed the rise in copper futures to a firm global trend before data that will signal the pace of growth in the US and China, the world's two biggest metals consumers.
Meanwhile, copper for delivery in three months rose 0.3% to $5,734.50 a metric tonne on the London Metal Exchange.