Copper futures rose by another 0.49 per cent to Rs 362.10 per kg today in tandem with the firming trend overseas after the US Federal Reserve said it was willing to ease monetary policy further to boost the economy.
Analysts said sentiments were buoyed after the US Federal Reserve said it was willing to ease monetary policy further to boost the economy and weakness in dollar against major currencies.
At the Multi Commodity Exchange counter, contracts for February delivery shot up by Rs 1.45, or 0.49 per cent, to Rs 362.10 per kg, with a turnover of 453 lots.
The metal for delivery in November also rose by Rs 1.65, or 0.47 per cent, to Rs 360.2 per kg, with a turnover of 4,874 lots.
Meanwhile, the London Metal Exchange-Index of six metals, including copper and aluminium, jumped 2.2 per cent yesterday to the highest level since April and copper futures in New York climbed to their highest price since April in an intra-day trading.
