Copper futures gain 0.14% on positive global cues

Tracking positive global cues, copper prices edged higher by 0.14 per cent to Rs 457.70 per kg in futures trade today as participants raised bets amid firm trend overseas.
At the Multi Commodity Exchange, copper for delivery in far-month February next year was up by 65 paise, or 0.14 per cent to Rs 457.70 per kg in business turnover of 187 lots.
Likewise, the metal for delivery in November traded higher by 50 paise, or 0.11 per cent to Rs 451.45 per kg in 5,315 lots.
Analysts said besides firm trend overseas on expectations of healthy demand from the electric vehicle sector, pick-up in demand in the spot market, mainly led to rise in copper prices at futures trade.

Globally, copper for delivery in three month ended up 1.1 per cent at USD 6,970 per tonne on the London Metal Exchange.