Copper futures up on positive global cues

Copper futures today rose by 0.12 per cent to Rs 337.85 per kg on the back of a pick-up in spot demand and positive cues from overseas markets.
At Multi Commodity Exchange, copper for delivery in November was trading higher 40 paise, or 0.12 per cent, at Rs 337.85 per kg with a turnover of 321 lots.
Similarly, the metal for delivery in far-month February next year was up 30 paise, or 0.09 per cent, at Rs 344.10 per kg with a trade volume of five lots.
Globally, copper for three-month delivery added as much as 0.2 per cent higher on the London Metal Exchange (LME).

Analysts attributed the rise in copper futures to a firming trend in the base metal pack on LME.
Besides, a pick-up in spot demand at domestic markets supported the upside, they said.