Copper futures up 0.28% on global cues, spot demand

Buoyed by a firming global trend and pick-up in spot demand, copper prices rose by 0.28% to Rs 427.90 per kg in futures trade today.  

At the Multi Commodity Exchange, copper for August delivery rose by Rs 1.20, or 0.28%, to Rs 427.90 per kg, with a business turnover of 3,935 lots. It had lost 0.30% to Rs 426.70 per kg in the previous session.

Similarly, the metal for November delivery gained Rs 1.15, or 0.27%, to Rs 433.75 per kg, with a business volume of 287 lots. 

Market analysts attributed the rise in copper prices at futures trade to a firming trend at the London Metal Exchange. 

 

Meanwhile, copper for three-month delivery rose by 0.50% to $9,565.50 a tonne on the London Metal Exchange.