Copper prices rose by Rs 6.25, or 2.08 per cent, to Rs 306.80 per kg in futures trading today on good industrial demand in domestic markets and firm global cues.
At the Multi Commodity Exchange, copper for delivery in November contract rose by Rs 6.25, or 2.08 per cent, to Rs 306.80 per kg with an open interest of 384 lots.
The metal for delivery in June contract also moved up by Rs 5.95, or 2.02 per cent, to Rs 300.25 per kg, with a business volume of 29,956 lots.
Analysts said, the rise in copper prices at the futures market was due to a firming trend at the spot markets and reports of rising trend at the London Metal Exchange.
The global trend firmed after China pledged to make its currency flexible. Meanwhile, at the London Metal Exchange copper for three-month delivery rose by $86 to $6,521 per metric tonne.
