 "Copper rises by 0.4% on global cues")
Copper prices rose by 0.36% to Rs 358.10 per kg in futures trade today amid a firming trend in global market and rising spot demand.
At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 1.30, or 0.36%, to Rs 358.10 per kg in a business turnover of 711 lots.
The metal for delivery in April edged up by Rs 1.15, or 0.32%, to Rs 362.55 per kg in 36 lots.
Market analysts said besides increased demand from consuming industries, a firming overseas trend after Greece reached a provisional deal with Eurozone Finance Ministers and ahead of housing data from the US, influenced copper prices at futures trade here.
At the Multi Commodity Exchange, copper for delivery in February traded higher by Rs 1.30, or 0.36%, to Rs 358.10 per kg in a business turnover of 711 lots.
The metal for delivery in April edged up by Rs 1.15, or 0.32%, to Rs 362.55 per kg in 36 lots.
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Globally, copper for delivery in three months rose by 0.4% to $5,715 a tonne on the London Metal Exchange.
Market analysts said besides increased demand from consuming industries, a firming overseas trend after Greece reached a provisional deal with Eurozone Finance Ministers and ahead of housing data from the US, influenced copper prices at futures trade here.