Copper futures up 1.39% on global cues

Tracking a firm trend at the London Metal Exchange (LME), copper futures prices today rose by 0.72 per cent to Rs 378.15 per kg.

Pick up in demand at the domestic spot markets also influenced copper futures prices here.

At the Multi Commodity Exchange counter, copper delivery for November rose by Rs 2.70, or 0.72 per cent to Rs 378.15 per kg, with a business turnover of 5,387 lots.

Similarly, the metal for delivery in February also edged up by Rs 2.65, or 0.71 per cent to Rs 382 per kg, with a business turnover of 6,726 lots.

Analysts said reports of firm trend in the entire base metals at the LME after the weak dollar raised appeal for commodities as an alternative investment, helped copper futures to trade higher. 

Meanwhile, copper for the three-month delivery gained 0.39 per cent, to $8,237.25 a tonne on the LME.