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Buoyed by a firm global trend and increased domestic demand, copper prices rose 1.20% to Rs 416.15 per kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 4.95, or 1.20%, to Rs 416.15 per kg in business turnover of 9,718 lots.
The metal for delivery in far-month November edged up by Rs 4.65, or 1.11%, to Rs 423.70 per kg in 603 lots.
Globally, copper for delivery in three months climbed 1.30% to $6,824 a tonne on the London Metal Exchange.
Market analysts said apart from increased demand at domestic spot markets from consuming industries, a firming overseas trend amid speculation that China's determination to stabilise growth will help boost demand, mainly influenced copper prices at futures trade here.
