In range-bound movements, copper futures traded marginally higher by 0.19% to Rs 438.60 per kg today as speculators enlarged their positions, taking positive cues from London Metal Exchange amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for February delivery edged up by 85 paise, or 0.19%, to Rs 438.60 per kg, with a business turnover of 788 lots.
Likewise, the metal for August delivery traded higher by 30 paise, or 0.07%, to Rs 426.20 per kg, with a trade volume of 7,522 lots. It had ended 1.12% lower at Rs 425.90 per kg in yesterday's trade.
Market analysts said fresh positions created by speculators, tracking a firming trend at the London Metal Exchange on continued supply fears and short-covering, along with pick-up in domestic demand, helped copper futures to strengthen.
