Buoyed by a firming trend in global markets on China growth outlook, copper futures prices rose by 0.27% to Rs 421.75 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, the November contract for copper rose by Rs 1.15, or 0.27%, to Rs 421.75 per kg, with a business turnover of 3,643 lots.
Similarly, the February contract traded higher by Re 1, or 0.23%, to Rs 427.95 per kg, with a business turnover of 314 lots.
Marketmen said a firming trend overseas as signs of improved economic growth in China, the biggest user, boosted demand outlook, influenced copper prices at futures trade here.
Besides, pick-up in demand at the domestic spot market supported the upside, traders said.
Meanwhile, copper for the metal for delivery in three months climbed 0.4% to $7,666.75 per tonne at the London Metal Exchange, while at Shanghai, the metal advanced 0.2% to 55,940 yuan ($8,974) per tonne.
