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Copper futures rose by 0.64% to Rs 354.45 per kg today after participants built-up positions, tracking a firming trend in base metals at the London Metal Exchange (LME).
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 2.25, or 0.64%, to Rs 354.45 per kg, with a turnover of 889 lots.
On similar lines, the metal for delivery in far-month April was up by Rs 2.15, or 0.60%, at Rs 358.10 per kg, with a trade volume of 22 lots.
Globally, copper for delivery in three months rose 1.6% to $5,634 per tonne on the LME.
Market analysts said fresh positions created by participants supported by a firming trend at the LME after a surge in credit growth eased concern that demand will slow in China, the world's top user and rising demand in the domestic spot markets, influenced copper prices at futures trade.
