Supported by a firming trend in the base metals at the London Metal Exchange (LME) and pick-up in domestic spot demand, copper traded higher by 0.16% to Rs 401.70 per kg in futures trade today.
At the Multi Commodity Exchange, copper for June delivery edged up by 65 paise, or 0.16%, to Rs 401.70 per kg, with a business turnover of 8,402 lots.
August copper was higher by a similar margin to Rs 407.05 per kg, with an open interest of 559 lots.
Market analysts attributed the recovery in copper futures prices to a firming trend at the LME. Meanwhile, copper for three-month delivery gained 0.7% to $8,978 a tonne on the LME.
