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Continuing its rising streak, copper prices rose further by 0.65% to Rs 450.10 per kg in futures trade today as speculators indulged in enlarging positions, driven by a firming trend in the global market.
At the Multi Commodity Exchange, copper for delivery in August gained Rs 3.90, or 0.65%, to Rs 450.10 per kg in business turnover of 1,962 lots.
Copper for delivery in November traded higher by RS 2.35, or 0.52%, to Rs 457 per kg in 170 lots.
Analysts attributed persistent rise in copper futures to a firming trend in metals in the global market after better-than-expected machine orders from Japan and before US and European data projected to show the world economy is improving.
Meanwhile, copper rose 0.3% to $7,272 a tonne on the London Metal Exchange.
