Buoyed by a firming trend overseas and a pick-up in domestic spot demand, copper prices recovered by 1.80% to Rs 384.35 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in November rose by Rs 6.80, or 1.80%, to Rs 384.35 per kg, with an open interest for 13.841 lots.
In a similar fashion, the metal for delivery in February was up by Rs 5.70, or 1.49%, at Rs 389.10 per kg, with a trade volume of 3,250 lots.
Globally, copper for three-month delivery jumped up by 3.3% to $7,470 a tonne on the London Metal Exchange (LME), the most since November 14.
Market analysts attributed the rise in copper in futures trade to a firming trend on the LME supported by a weak dollar and hopes Italy may secure financial aid as Europe takes steps this week to ease euro zone's debt crisis.
