Copper prices rose by Rs 2.35 or 0.75 per cent to Rs 316.45 per kg in futures trade today, as traders enlarged positions driven by a firming trend in overseas markets.
Increased demand for the metal at domestic markets also supported the upside in the copper prices at futures market.
On the Multi Commodity Exchange platform, copper for delivery in far-month November contract rose Rs 2.35, or 0.75 per cent to Rs 316.45 per kg, with an open interest of 86 lots.
The metal for delivery in June contract also gained Rs 2.10, or 0.68 per cent to Rs 312.25 per kg, with a business volume of 23,491 lots.
Market analysts said, beside firming trend at the London Metal Exchange, increased demand in the spot market pushed up copper prices at futures trade here.
Meanwhile, at the London Metal Exchange copper for three-month delivery gained 0.5 per cent to $6,640.50 a metric tonne.
