Copper prices rose marginally by 0.05% in futures trade today as speculators created fresh positions amid a firming trend overseas and pick up in demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in August traded marginally higher by 20 paise, or 0.05%, to Rs 414.90 per kg, with a business turnover of 4,246 lots.
November copper edged up by 10 paise, or 0.02%, to Rs 420.65 per kg in 259 lots.
Marketmen said a firming trend overseas after Chinese Premier Wen Jiabao said that the easing inflation provides room to adjust the monetary policy, boosted optimism that the government will take more steps to stimulate the world's second-largest economy.
Meanwhile, three-month copper traded 0.8% higher at $7,443.75 per tonne at the London Metal Exchange in early trade today.
