Copper up 0.3% on global cues, industrial demand

Copper for delivery in far-month February edged up by 0.25%

Buoyed by increased domestic demand, copper prices rose 0.33% to Rs 460.75 per kg in futures trade today as speculators enlarged positions.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.50, or 0.33%, to Rs 460.75 per kg in business turnover of 3,742 lots.

Copper for delivery in far-month February edged up by Rs 1.15, or 0.25%, to Rs 469.70 per kg in 97 lots.

Globally, copper for delivery in three months on the London Metal Exchange rose 0.3% to $7,078.50 a metric tonne.

Market analysts said apart from increased demand at domestic spot markets from consuming industries, a firming overseas trend, mainly influenced copper prices at futures trade here.