Copper rises 0.24 per cent in futures trade

At the Multi Commodity Exchange, copper for delivery in August month edged up by 75 paise to Rs 308.70 per kg

Copper prices were up by 0.24 per cent to Rs 308.70 per kg in futures trade on Monday as traders enlarged positions, driven by pick up in demand from consuming industries in the spot market.

At the Multi Commodity Exchange, copper for delivery in August month edged up by 75 paise, or 0.24 per cent to Rs 308.70 per kg in business turnover of 8,533 lots.

Likewise, the metal for delivery in far-month November traded higher by 60 paise, or 0.19 per cent to Rs 314.85 per kg in 2130 lots.

Analysts said widening of positions by participants on the back of uptick in demand from consuming industries in the spot market mainly led to rise in copper prices at futures trade.