Copper futures rise 1.21 pc on spot demand, global cues

Copper prices were up by Rs 5.53 at Rs 448.60 per kg in futures trade Monday on the back of firm global cues amid pick-up in domestic market.

At the Multi Commodity Exchange, copper for delivery in April contracts rose by Rs 5.53, or 1.21 per cent, to Rs 448.60 per kg in a business turnover of 11,797 lots.

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