Copper traded a shade higher by 25 paise, or 0.07 per cent to Rs 359.25 per kg in futures trade today tracking firming trend at the London Metal Exchange on fall in inventories.
Weakening dollar, which raised metals' appeal as an alternative investment and firming equity markets also supported an upward trend in copper futures here.
Analysts said the the rise in copper futures was attributed to a firming trend overseas, where the metal gained 0.60 per cent after reports that its inventories, monitored by the London Metal Exchange (LME) amid optimism over recovery in the global economy.
Meanwhile, copper's stockpiles declined by 2,950 tonnes to a 11-month low of 3,84,200 tonnes.
At the Multi Commodity Exchange counter, contract for February delivery shot up by 25 paise, or 0.07 per cent, to Rs 359.25 per kg, with a turnover of 135 lots.
The metal for delivery in November also rose by 10 paise, or 0.03 per cent, to Rs 357.10 per kg, with a turnover of 1,795 lots.
