Copper futures rise 0.29 pc on global cues, spot demand

Copper futures traded higher at Rs 416.50 per kg Wednesday on the back of firm global cues amid pick-up in domestic demand at the spot markets.

At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.20, or 0.29 per cent, to Rs 416.50 per kg in a business turnover of 17,338 lots.

Market analysts said besides increased demand from consuming industries, a firm trend in base metals in global market, mainly influenced copper prices at futures trade.