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Copper prices moved up by 0.36% to Rs 373.15 per kg in futures trade today as speculators created fresh positions amid positive cues from global markets.
Furthermore, rising demand at domestic spot markets supported the upward trend.
At the Multi Commodity Exchange, copper for delivery in April traded higher by Rs 1.35, or 0.36%, to Rs 373.15 per kg in a business turnover of 1,457 lots.
Likewise, the metal for delivery in June went up by Rs 1.15, or 0.31%, to Rs 377.40 per kg in 23 lots.
Analysts attributed the rise in copper futures to a firm global trend after China cut benchmark interest rates for the second time in three months to spur economic growth.
Globally, copper for delivery in three months climbed 0.4% to $5,919.50 a tonne in the London Metal Exchange, while at Shanghai Futures Exchange, the metal for delivery in August rose 0.8% to 49,110 yuan ($7,875) per tonne.
Meanwhile, the metal gained 7.3% in February, the biggest monthly advance since September 2012.
