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Copper prices rose 0.22% to Rs 457.60 per kg in futures trade today as speculators enlarged positions, largely in tune with a firm overseas trend, amid rising demand in spot market.
At the Multi Commodity Exchange, copper for delivery in November traded higher by Re one, or 0.22%, to Rs 457.60 per kg in business turnover of 8,180 lots.
Copper for delivery in far-month February edged up by 45 paise, or 0.10%, to Rs 467.35 per kg in 277 lots.
Globally, copper for delivery in three months on the London Metal Exchange rose 0.3% to $7,094.75 a tonne.
Market analysts said apart from increased demand at domestic spot markets from consuming industries, a firming overseas trend before the US Federal Reserve concludes a two-day meeting today when policy makers will decide whether to slow its monthly bond-buying programme, influenced copper futures here.
