Buoyed by recovery in base metals at the London Metal Exchange, copper traded in positive zone with prices rising by Rs 1.85, or 0.61 per cent, at Rs 306.85 per kg in futures trade today.
Covering up of short positions by speculators also supported the uptrend in copper futures prices. On the Multi Commodity Exchange platform, copper for delivery in August contract gained Rs 1.85, or 0.61 per cent, to Rs 306.35 per kg, with a business volume of four lots.
The metal for delivery in June contract also traded higher by Rs 1.85, or 0.60 per cent, to Rs 309.45 per kg, with a turnover of 725 lots.
Analysts said positive trend in global markets was witnessed after the drop in US unemployment rate, which fell to 9.5 per cent in June from 9.7 per cent the prior month, also helped the rise in copper futures.
"Positive US jobs data and continuous fall in LME tracked stocks pile of copper, helped metal prices to rise at global and futures market here", said an analyst.
Besides, a decline in stockpiles of copper for the eleventh straight day, tracked by the LME, the quantity declined to 4,47,300 tons, the lowest level since December 4, also supported the upside in the metal prices.
Meanwhile, the three-month copper delivery traded 1.7 per cent, higher at $6,520 per tonne at the London Metal Exchange.
While at the Shanghai Futures Exchange, the metal for delivery in October rose 0.3 per cent at 52,350 yuan per tonne in early trade today.