Copper prices rose by Rs 5 per kg on the local non-ferrous metal market today on fresh buying by stockists influenced amid firm global trends.
Buying activity in copper picked up after it prices surged to a three-month high in global market as a rally in equities boosted investors confidence that the economic recovery is gaining momentum.
Meanwhile, copper for three-month delivery climbed 1.2 per cent to $7,386 a metric tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap rose by Rs 5 each to Rs 379, Rs 398 and Rs 357 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 795, zinc ingot 118.50, nickel plate (4x4) 887-1,001, gun metal scrap 226 bell metal scrap 228, copper wire scrap 379, copper wire bar 398, copper mixed scrap 357.00, Utensil scrap 224, Chadripital 175
Lead ingot 115.50, lead imported 118.50, aluminium ingots 100, sheet cutting 103, aluminium wire scrap 100 and aluminium utensils scrap 100