Copper futures prices gained marginally by Rs 0.45, or 0.18 per cent today, as speculators built up positions, driven by recovery at the London Metal Exchange on declining stockpiles.
Besides, pick up in demand at physical markets also supported the uptrend in copper futures prices.
On the Multi Commodity Exchange platform, copper for delivery in August contract gained Rs 0.45, or 0.18 per cent, to Rs 312.20 per kg, with a business volume of 2,734 lots. It closed at 0.12 per cent higher at Rs 311.65 per kg in yesterday's trading.
The metal for delivery in November contract also traded higher by Rs 0.45, or 0.17 per cent, to Rs 315.25 per kg, with a turnover of 179 lots.
At the London Metal Exchange platform, the three-month delivery for copper gained as much as 0.20 per cent at $6,658.00 a tonne, while at Shanghai, the metal surged 0.45 per cent at 53,110 yuan per tonne in early trade today.
Analysts said positive trend in global markets on declining inventories, monitored by the London Metal Exchange and pick up in demand helped copper prices to rise at futures market here.