Copper remained firm and prices advanced by another 0.44 per cent to Rs 320.70 per kg in futures market today as participants engaged in increasing their bets on the back of a firming trend overseas.
Besides, rising demand from consuming industries in the spot market supported the upside.
At the Multi Commodity Exchange, copper for delivery in far-month August rose by Rs 1.40, or 0.44 per cent, to Rs 320.70 per kg, in a business turnover of 43 lots.
In a similar fashion, the metal for delivery in June gained Rs 1.20, or 0.38 per cent, to Rs 316.25 per kg in 3,215 lots.
Market analysts said increasing of positions by participants in tandem with a firming global trend where copper and other industrial metals rose with oil amid speculation the world economy will cope with the impact of higher US interest rates, influenced copper prices at futures trade.
Meanwhile, copper for delivery in three-month climbed 0.8 per cent to USD 4,690 a metric tonne on the London Metal Exchange.
