Continuing its rising streak, copper prices edged up by 0.31% to Rs 442.25 per kg, largely buoyed by a firm trend at the London Metal Exchange on tumbling inventories amid stronger-than-expected demand from China, the biggest user.
At the Multi Commodity Exchange, for delivery in far-month November contracts, copper prices rose by Rs 1.35, or 0.31% to Rs 442.25 per kg in a turnover of 233 lots.
Similarly, the metal for August delivery edged up Rs 1.25, or 0.29%, to Rs 436.25 per kg, clocking a turnover of 4,175. It ended 0.02% higher at Rs 435 per kg in the previous session.
Market analysts said a firm trend overseas on the back of falling inventories and stronger-than-expected demand from China, the world's largest consumer mainly supported the upside in copper futures prices here.
Meanwhile, copper for three-month delivery gained 0.2 % to $9,694.25 a tonne on the London Metal Exchange.
