 "Copper up 0.2% on strong global cues")
Copper futures rose 0.21% to Rs 425.85 per kg today on positive cues from the overseas markets and a pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in November rose by 90 paise, or 0.21%, to Rs 425.85 per kg, with a turnover of six lots.
Similarly, the metal for delivery in August was up by 80 paise, or 0.19%, at Rs 415.70 per kg, with a trade volume of 130 lots.
Market analysts attributed the rise in copper futures to a firming trend in base metals pack on the LME after a jump in US home building increased speculation that demand is rising in the second- biggest user of industrial metals.
At the Multi Commodity Exchange, copper for delivery in November rose by 90 paise, or 0.21%, to Rs 425.85 per kg, with a turnover of six lots.
Similarly, the metal for delivery in August was up by 80 paise, or 0.19%, at Rs 415.70 per kg, with a trade volume of 130 lots.
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Globally, copper for three-month delivery traded little changed at $6,867.75 per tonne on the London Metal Exchange (LME).
Market analysts attributed the rise in copper futures to a firming trend in base metals pack on the LME after a jump in US home building increased speculation that demand is rising in the second- biggest user of industrial metals.