Buoyed by a firming global trend, pick up in demand in the spot market, copper prices rose by Rs 8.50 to Rs 400.20 per kg in futures trade today.
At the Multi Commodity Exchange, copper for August delivery rose by Rs 8.50, or 2.17%, to Rs 400.20 per kg, with business turnover of 21,701 lots.
The November contract gained Rs 7.70, or 1.94%, to Rs 404.80 per kg, with a trade volume of 2,057 lots.
Market analysts said apart from a firming trend in overseas market, pick-up in demand from alloy makers in the spot market, mainly led to the rise in copper futures prices.
Meanwhile, copper for delivery in three months gained 3.2% to $8,870 a tonne on the London Metal Exchange.
