Positive cues from global markets and a pick up in domestic demand saw copper prices rise 0.23% in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August rose by 95 paise, or 0.23%, to Rs 419.55 per kg, with a turnover of 1,305 lots.
November copper gained 80 paise, or 0.19%, to Rs 425 per kg, with a business turnover of 61 lots.
Globally, copper for three-month delivery rose by 0.60% to $7,513.25 per tonne on the London Metal Exchange (LME).
Marketmen attributed the rise in copper futures to a firming trend in the global markets on speculation that central banks from Europe to Japan and the US may take steps to spur economic growth, raising demand for industrial metals.
Besides, pick up in demand at domestic spot markets also influenced prices, they said.
