 "Copper gains by 0.4% on positive global cues")
Copper futures rose by 0.42% to Rs 350.65 per kg today amid positive global cues and pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in November rose Rs 1.45, or 0.42%, to Rs 350.65 per kg, with a turnover of 958 lots.
Similarly, the metal for delivery in far-month February next year was up by Rs 1.30, or 0.37%, at Rs 356.20 per kg, with a trade volume of 40 lots.
Globally, copper for delivery in three months at the LME rose 0.6% to $5,328.50 per tonne.
At the Multi Commodity Exchange, copper for delivery in November rose Rs 1.45, or 0.42%, to Rs 350.65 per kg, with a turnover of 958 lots.
Similarly, the metal for delivery in far-month February next year was up by Rs 1.30, or 0.37%, at Rs 356.20 per kg, with a trade volume of 40 lots.
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Market analysts said besides rising demand in the spot markets, a firming trend in global market on speculation that central banks in China and the US, the world's two biggest consuming nations, will continue easier monetary policies after weak economic data, led to the rise in copper in futures market.
Globally, copper for delivery in three months at the LME rose 0.6% to $5,328.50 per tonne.