Buoyed by a firming trend overseas and a pick-up in demand in the spot market, copper prices rose by Rs 3.20 to Rs 358.85 per kg in futures trade today.
The trading sentiment improved after copper strengthened in global markets on expectations that demand may be improving, even as a strike at Freeport-McMoRan, the world's largest copper miner, added to concerns about a shortage this year.
At the Multi Commodity Exchange, November copper rose by Rs 3.20, or 0.90%, to Rs 358.85 per kg, with a business turnover of 54,229 lots.
The February contract moved up by Rs 3.20, or 0.89%, to Rs 363.05 per kg, with a trading volume of 4,022 lots.
Meanwhile, copper for three-month delivery gained 1% to $7,247 a tonne on the London Metal Exchange.
