 "Copper rises by 0.1%, global trend supports")
Supported by a firm global trend, copper prices edged higher by 0.09% to Rs 374.25 per kg in futures trade today as speculators built up bets.
At Multi Commodity Exchange, copper for delivery in August traded higher by 35 paise, or 0.09%, at Rs 374.25 per kg in a business turnover of 361 lots.
Similarly, the metal for delivery in June edged up by 10 paise, or 0.03%, to Rs 371.30 per kg in 936 lots.
Meanwhile, copper for delivery in three months climbed 0.3% to $5,774.50 per tonne at LME while the metal in Shanghai was unchanged at 42,300 yuan ($6,811) per tonne.
At Multi Commodity Exchange, copper for delivery in August traded higher by 35 paise, or 0.09%, at Rs 374.25 per kg in a business turnover of 361 lots.
Similarly, the metal for delivery in June edged up by 10 paise, or 0.03%, to Rs 371.30 per kg in 936 lots.
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Analysts said a firming trend in base metals at the London Metal Exchange (LME) after China's central bank reduced its benchmark lending rate to 4.85%, with lower reserve requirement ratios for some lenders, influenced copper futures here.
Meanwhile, copper for delivery in three months climbed 0.3% to $5,774.50 per tonne at LME while the metal in Shanghai was unchanged at 42,300 yuan ($6,811) per tonne.