Copper prices rise 0.27 pc tracking global trend

Copper futures rose 0.27 per cent to Rs 427.65 per kg in futures trade today as participants raised their bets largely in tune with firming global trend and a pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.15, or 0.27 per cent, to Rs 427.65 per kg, with a turnover of 350 lots.
Similarly, the metal for delivery in far-month April was up by Re 1, or 0.23 per cent, at Rs 431.50 per kg, with a trade volume of 2 lots.
Market analysts attributed the rise in copper futures to a firming trend in base metals overseas where copper rebounds after recent sell-off and pick-up in demand at domestic spot markets.