Amid a firm global trend and pick up in demand at domestic spot market, copper prices traded higher by 1.17 per cent to Rs 463.25 per kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, copper for delivery in November month contracts traded higher by Rs 5.35 or 1.17 per cent to Rs 463.25 per kg in a business turnover of 4,472 lots.
Likewise, the metal for delivery in February 2018 contracts edged up by Rs 5.25 or 1.13 per cent to Rs 468.10 per kg in 238 lots.
Analysts said firm trend in base metals in global market and increased demand from consuming industries in domestic spot markets led to rise in copper prices in futures trade.
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