 "Copper up 0.2% on global cues")
Copper prices rose by 0.25% to Rs 456.25 per kg in futures trading today as speculators raised positions, driven by a firming global trend.
At the Multi Commodity Exchange, copper for delivery in December traded higher by Rs 1.15, or 0.25% to Rs 456.25 per kg in business turnover of 188 lots.
Similarly, the metal for delivery in November gained Re One, or 0.23% to Rs 443.90 per kg in 2,899 lots.
Meanwhile, copper rose 0.6% to $7,024 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in December traded higher by Rs 1.15, or 0.25% to Rs 456.25 per kg in business turnover of 188 lots.
Similarly, the metal for delivery in November gained Re One, or 0.23% to Rs 443.90 per kg in 2,899 lots.
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Market analysts said the rise in copper futures was attributed to a firming global trend after Janet Yellen, nominated to be the next chairman of the Federal Reserve, said the US economy and labour market must improve before the Fed can begin reducing stimulus, mainly led to rise in copper prices at futures market.
Meanwhile, copper rose 0.6% to $7,024 a tonne on the London Metal Exchange.