Continuing its upward journey, copper futures rose by another 0.11 per cent, to Rs 360.90 per kg today on covering-up of short positions by speculators amid firming trend at spot markets.
However, weakness in base metals overseas, capped gains.
Market analysts apart from covering-up of short positions by speculators, firming trend at the spot markets on strong demand, also supported the upside in copper futures here.
At the Multi Commodity Exchange counter, contract for November delivery rose by 40 paise, or 0.11 per cent, to Rs 360.900 per kg, with a turnover of 3,032 lots. It closed 0.54 per cent higher at Rs 360.50 per kg in the previous session.
The metal for delivery in far-month February also up by 30 paise, or 0.08 per cent, to Rs 362.75 per kg, with a turnover of 154 lots.
Meanwhile, three-month copper was trading 0.18 per cent lower at USD 7,872.75 a tonne.
