Copper futures traded 0.39 per cent higher at Rs 387.70 per kg today as speculators built more bets amid a firming trend at the domestic spot market even as metal weakened overseas.
In futures trade, copper for delivery in far-month November was trading higher by Rs 1.55, or 0.39 per cent, at Rs 394.05 per kg in a business turnover of 84 lots at Multi Commodity Exchange.
Similarly, the metal for delivery in August edged up by Rs 1.45, or 0.38 per cent, at Rs 387.40 per kg in 1,000 lots.
Market analysts said a better trend in base metals at the domestic spot markets on pick-up in demand from consuming industries influenced copper futures here.
They said metal's weakness at the London Metal Exchange (LME) on strength in dollar eroded demand for commodities, which limited the gains.
Meanwhile, copper for delivery in three months slipped 0.2 per cent to USD 5,956 per tonne at the LME yesterday.
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