 "Copper up 0.3% on strong global cues")
Taking positive cues from the overseas markets and a pick-up in spot demand, copper futures prices today rose by 0.35% to Rs 469.60 per kg.
At the Multi Commodity Exchange, copper for delivery in February last year rose Rs 1.65, or 0.35%, to Rs 469.60 per kg, to Rs 469.50 per kg, with a turnover of 201 lots.
Similarly, the metal for delivery in November was up by Rs 1.25, or 0.27%, at Rs 458.25 per kg, with a trade volume of 2,889 lots.
Market analysts attributed the rise in copper in futures trade to a firming trend on the LME on better-than-estimated Chinese and US economic data bolstered the demand outlook in the world's two biggest users of the metal.
At the Multi Commodity Exchange, copper for delivery in February last year rose Rs 1.65, or 0.35%, to Rs 469.60 per kg, to Rs 469.50 per kg, with a turnover of 201 lots.
Similarly, the metal for delivery in November was up by Rs 1.25, or 0.27%, at Rs 458.25 per kg, with a trade volume of 2,889 lots.
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Globally, copper for three-month delivery up by 0.6% to USD 7,206.75 a tonne on the London Metal Exchange (LME), while at Shanghai Futures Exchange, January next year's contract rose 0.50% to 51,700 yuan USD 8,464 per tonne.
Market analysts attributed the rise in copper in futures trade to a firming trend on the LME on better-than-estimated Chinese and US economic data bolstered the demand outlook in the world's two biggest users of the metal.