Copper up 1% on global cues

Metal for delivery in August traded higher by 0.85%

Copper rose by 1.04% to Rs 413.20 per kg in futures trade today as speculators created fresh positions taking positive cues from the overseas markets.

At the Multi Commodity Exchange, copper for delivery in June rose by Rs 4.25, or 1.04%, to Rs 413.20 per kg in business turnover of 6,131 lots.

Similarly, the metal for delivery in August traded higher by Rs 3.50, or 0.85%, to Rs 415.85 per kg in 542 lots.

Globally, copper for delivery in three months rose 0.5% to $6,756 a tonne on the London Metal Exchange.

Market analysts attributed the rise in copper futures to a firming global trend.
 
Meanwhile, copper for delivery in three months rose 0.5% to $6,756 a tonne on the London Metal Exchange.