Copper up by 0.3% on Asian cues

Pickup in demand at domestic spot market also influenced prices

Copper futures edged higher 0.32% to Rs 360.80 per kg amid positive Asian cues and pickup in spot demand at domestic markets.

At the Multi Commodity Exchange, copper for delivery in August rose Rs 1.15, or 0.32%, to Rs 360.80 per kg, with a turnover of 1,219 lots.

The metal for delivery in November contracts edged up by 95 paise, or 0.26%, at Rs 367.20 in a volume of 11 lots.

Globally, copper for September delivery climbed 0.3% to 40,600 yuan ($6539) per tonne but at the London Metal Exchange, the metal for delivery in three month fell 0.7% to $5,590 per tonne.
 
Market analysts attributed the rise in copper prices in futures trade to a better trend in Asian trade and pickup in demand at domestic spot market.