 "Copper rises by 0.5% on spot demand")
Copper futures traded 0.47% higher at Rs 302.20 per kg today as speculators raised bets amid rising spot demand.
However, weakness in the base metals pack at the London Metal Exchange (LME), sparked by a week of turmoil in China's currency and stock markets that shook commodities and hammered global mining stocks, limited the gains.
In futures trade, copper for delivery in February was trading higher by Rs 1.40, or 0.47%, at Rs 302.20 per kg, in a business turnover of 9,122 lots at the Multi Commodity Exchange.
On similar lines, the metal for delivery in far-month April edged up by Rs 1.20, or 0.39%, at Rs 306.80 per kg in 139 lots.
Market analysts said a better trend at the domestic spot markets on the back of pick up in demand from cable manufacturers and other consuming industries helped copper to trade higher but metal's weakness overseas, restricted gains.
Globally, copper for delivery in three months was down by 0.6% to $4,495 a tonne at LME.
