 "Copper prices rise by 0.3% on global cues")
Copper futures rose 0.29% to Rs 314.20 per kg in futures trade today on positive cues from the overseas markets and a pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in far-month April rose by 90 paise, or 0.29%, to Rs 314.20 per kg, with a turnover of six lots.
Similarly, the metal for delivery in February was up by 85 paise, or 0.28%, at Rs 309.75 per kg, with a trade volume of 407 lots.
Market analysts attributed the rise in copper futures to a firming trend in select base metals on the LME and pick up in demand at domestic spot markets.
At the Multi Commodity Exchange, copper for delivery in far-month April rose by 90 paise, or 0.29%, to Rs 314.20 per kg, with a turnover of six lots.
Similarly, the metal for delivery in February was up by 85 paise, or 0.28%, at Rs 309.75 per kg, with a trade volume of 407 lots.
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Globally, copper for three-month delivery climbed 0.5% on the London Metal Exchange (LME).
Market analysts attributed the rise in copper futures to a firming trend in select base metals on the LME and pick up in demand at domestic spot markets.