Amid a firming global trend and pick up in demand at spot market, copper prices rose by 0.85 per cent to Rs 313.70 per kg in futures trade today as speculators created fresh position.
At the Multi Commodity Exchange, copper for delivery in November rose by Rs 2.65, or 0.85 per cent, to Rs 313.70 per kg in business turnover of 17,539 lots.
Likewise, the metal for delivery in far-month February contracts gained Rs 2.65, or 0.83 per cent to Rs 320.10 per kg in 150 lots.
Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME) and pick up in demand from consuming industries at domestic spot markets.
Meanwhile, copper for delivery in three months was trading higher 1.5 per cent at the London Metal Exchange.
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