Copper prices rose by Rs 5.65, or 1.90 per cent, to Rs 303.35 per kg in futures trade today after traders covered up their positions amid firming trend in physical markets.
Trading sentiment turned slightly bearish as copper declined in London yesterday, after jumping to its highest- level in a month, China's move to make the yuan more flexible.
At the Multi Commodity Exchange, copper for August contract rose by Rs 5.65, or 1.90 per cent, to Rs 303.35 per kg, with an open interest of 8,133 lots.
Similarly, the metal for delivery in June contract moved up by Rs 5.35, or 1.82 per cent to Rs 299.65 per kg, with an open interest of 31,785 lots.
Market analysts said a firming trend at physical markets, influenced the copper futures prices but weak trend at London capped gains.
Meanwhile, copper for three-month delivery dropped 2 per cent to $6,470 a metric tonne on the London Metal Exchange.
