Copper futures prices today rose Rs 1.50, or 0.42 per cent, to Rs 362.90 per kg, as speculators indulged in enlarging their positions, buoyed by firming global trend on falling stockpiles.
Besides, pick up in demand at spot markets also supported the upside in copper futures.
At the Multi Commodity Exchange counter, the far-month February contract traded higher by Rs 1.50, or 0.42 per cent, to Rs 362.90 per kg, with a business volume of 154 lots.
The contract for delivery in November also gained Rs 1.30, or 0.36 per cent, to Rs 360.60 per kg, with a turnover of 2,822 lots. It ended 0.07 per cent down to Rs 359.30 per kg in the previous session.
Analysts said copper futures strengthened on the back of firming trend overseas on falling stockpiles and Friday's positive US jobs data.
Copper inventories in warehouses monitored by the Shanghai Futures Exchange fell 4 per cent from a week earlier.
