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Copper prices rose by 0.45% to Rs 437.05 per kg in futures trade today on a firm global trend and increased domestic demand.
At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 1.95, or 0.45%, to Rs 437.05 per kg in a business turnover of 930 lots.
The metal for delivery in February next year gained Rs 2, or 0.45%, at Rs 448.80 per kg in a business volume of 129 lots.
Market analysts said besides increased demand from consuming industries, a firming trend overseas after Federal Reserve Chairman Ben S Bernanke said the benchmark interest rate will remain low long after policy makers reduce bond purchases, influenced copper prices at futures trade.
Globally, copper for delivery in three months climbed 0.7% to trade at $7,020 a tonne on the London Metal Exchange, while at the Shanghai Futures Exchange, metal for February delivery rose 1% to 50,320 yuan ($8,260) per tonne.
