Copper up 0.3% on firm global cues
Prices rose due to increased domestic demand
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Copper futures for August traded higher by Rs 1.05, or 0.28%, to Rs 373.70 per kg in 937 lots.
At the Multi Commodity Exchange (MCX), the June contract edged up by Rs 1.65, or 0.18%, to Rs 368.80 per kg in 19,738 lots.
Prices rose due to increased domestic demand from consuming industries.
Firming trend overseas on optimism that the European Central Bank will cut interest rates to a record low and after the Federal Reserve said it will keep buying bonds, influenced copper futures trade here.
On the London Metal Exchange (LME), the three months' contract climbed 1.4% to $6,890 a tonne.
At the Multi Commodity Exchange (MCX), the June contract edged up by Rs 1.65, or 0.18%, to Rs 368.80 per kg in 19,738 lots.
Prices rose due to increased domestic demand from consuming industries.
Firming trend overseas on optimism that the European Central Bank will cut interest rates to a record low and after the Federal Reserve said it will keep buying bonds, influenced copper futures trade here.
On the London Metal Exchange (LME), the three months' contract climbed 1.4% to $6,890 a tonne.
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First Published: May 02 2013 | 2:44 PM IST