Spurred by a firming trend in the overseas market, copper prices rose 0.50% to Rs 424.55 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February moved up by Rs 2.10, or 0.50%, to Rs 424.55 per kg, with a business volume of 3,656 lots.
Similarly, the metal for delivery in April gained Rs 2, or 0.47%, to Rs 428.10 per kg, with a trade turnover of 476 lots.
At the London Metal Exchange (LME), copper for three-month delivery gained 1.2% to 8,455.25 per tonne, the highest price since September 19.
Market analysts attributed the rise in copper prices at futures trade to a firming trend at the LME, where it soared to over four-month high on dwindling stockpiles.
Meanwhile, inventories monitored by the LME fell for the 15th session to 342,250 tonne, the lowest level since September 25, 2009.
