 "Copper up by 0.1% on spot demand")
In tight movements, copper futures prices rose marginally by 0.10% to Rs 432.25 per kg today as speculators enlarged positions even as metal weakened overseas.
Pick-up in demand at spot markets supported the upside.
At the Multi Commodity Exchange, copper for delivery in far-month November up by 45 paise, or 0.10%, to Rs 432.25 per kg, with a business turnover of 238 lots.
Marketmen said the rise in copper futures was attributed to a firming trend at domestic spot markets on the back of pick up in demand from consuming industries but metal's weakness at the London Metal Exchange (LME) on concern that a slowdown in Europe will curb demand, restricted losses.
Globally, copper for the metal for delivery in three months slid 0.2% to $7,017 per tonne at the LME.
Pick-up in demand at spot markets supported the upside.
At the Multi Commodity Exchange, copper for delivery in far-month November up by 45 paise, or 0.10%, to Rs 432.25 per kg, with a business turnover of 238 lots.
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Similarly, the metal for delivery in August traded 35 paise, or 0.08% higher, at Rs 423.20 per kg, with a business turnover of 297 lots.
Marketmen said the rise in copper futures was attributed to a firming trend at domestic spot markets on the back of pick up in demand from consuming industries but metal's weakness at the London Metal Exchange (LME) on concern that a slowdown in Europe will curb demand, restricted losses.
Globally, copper for the metal for delivery in three months slid 0.2% to $7,017 per tonne at the LME.