 "Copper up 0.3% on spot demand")
Copper futures traded 0.29% higher at Rs 314.75 per kg today as speculators raised their bets amid firming trend at the domestic spot markets on pick up in industrial demand even as metals weakened overseas.
In futures trade, copper for delivery in far-month August rose by 90 paise, or 0.29%, at Rs 314.75 per kg in a business turnover of 44 lots at Multi Commodity Exchange.
Similarly, the metal for delivery in June edged up by 85 paise, or 0.27%, at Rs 310.20 per kg in 2,596 lots.
Globally, copper slid 0.7% at USD 4,656 per tonne at the LME in yesterday's trade.
In futures trade, copper for delivery in far-month August rose by 90 paise, or 0.29%, at Rs 314.75 per kg in a business turnover of 44 lots at Multi Commodity Exchange.
Similarly, the metal for delivery in June edged up by 85 paise, or 0.27%, at Rs 310.20 per kg in 2,596 lots.
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Market analysts said rising demand at the domestic spot markets mainly influenced copper futures but weakness in the base metals pack at the London Metal Exchange (LME) amid signs that the US Federal Reserve could raise interest rates as early as next month, limited the gains.
Globally, copper slid 0.7% at USD 4,656 per tonne at the LME in yesterday's trade.