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Copper futures traded 0.29% higher at Rs 403.10 per kg as speculators enlarged positions after base metal strengthened in the global market amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in February edged up by Rs 1.15, or 0.29%, to Rs 403.10 per kg in a business turnover of 578 lots.
Likewise, the metal for delivery in April next year traded higher by Rs 1.20, or 0.27%, to Rs 407.20 per kg in 13 lots.
Market analysts attributed the rise in copper futures to a firming trend in metal at the London Metal Exchange (LME) on positive economic signs from the US and pick-up in industrial demand at domestic market.
Meanwhile, copper for delivery in three months climbed 0.2% to $6,325 a tonne at the LME.
