 "Copper up by 0.7% on global cues")
Amid positive global cues and pick up in spot demand at the domestic markets, copper prices edged up by 0.72% to Rs 299.50 per kg in futures trading today as speculators created fresh positions.
At the Multi Commodity Exchange, copper for delivery in February month rose by Rs 2.15, or 0.72% to Rs 299.50 per kg in business turnover of 841 lots.
Similarly, the metal for delivery in far-month April contract traded higher by Rs 2.05, or 0.68% to Rs 304.40 per kg in 33 lots.
Globally, copper for delivery in three month climbed 1.2% to $4,413 a metric tonne on the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in February month rose by Rs 2.15, or 0.72% to Rs 299.50 per kg in business turnover of 841 lots.
Similarly, the metal for delivery in far-month April contract traded higher by Rs 2.05, or 0.68% to Rs 304.40 per kg in 33 lots.
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Analysts attributed the rise in copper futures trade to a firm global trend where the metal led base metals higher.
Globally, copper for delivery in three month climbed 1.2% to $4,413 a metric tonne on the London Metal Exchange.