Taking positive cues from London Metal Exchange and rising domestic demand, copper prices rose by another 0.59% to Rs 420.60 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.45, or 0.59% to Rs 420.60 per kg, with a business turnover of 563 lots.
Similarly, the metal for delivery in June gained Rs 2.20, or 0.53% to Rs 415.10 per kg, with a business turnover of 8,836 lots. It had closed 2.4% higher at Rs 412.90 per kg in the previous session.
Meanwhile, copper for three-month delivery rose by 0.5% on the London Metal Exchange to $9,110 a metric tonne in the early trade today.
Market analysts said the continued gains in copper prices at futures trade was mostly attributed to a firming trend at the London Metal Exchange, where metal strengthened as investors turned positive on demand amid supply disruptions.
