Copper prices rose by Rs 2.45 to Rs 414.45 per kg in futures trading today as speculators enlarged positions, tracking a firm global trend.
Sentiment bolstered as copper climbed in the global markets after better-than-expected growth in the second quarter in Germany, Europe's largest economy, boosted the demand outlook for industrial metals.
At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.45, or 0.59%, to Rs 414.45 per kg, with a business turnover of 50,745 lots.
November copper edged up by Rs 2.20, or 0.53%, to Rs 420.35 per kg in 4,131 lots.
Marketmen said speculators enlarged positions on the back of a firm global trend, which led to a rise in copper futures.
Meanwhile, copper for delivery in three months rose by 1% to $7,465 a tonne on the London Metal Exchange.
