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Copper prices moved up by 0.13% to Rs 420.45 per kg in futures trade today as speculators enlarged positions after base metals rose in overseas markets amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in February next year traded higher by 55 paise, or 0.13% to Rs 420.45 per kg in business turnover of 10 lots.
In a similar fashion, the metal for delivery in November edged up by 50 paise, or 0.12% to Rs 413.80 per kg in 2,306 lots.
Market analysts attributed the rise in copper futures to a firming trend in base metals in the global market before euro-region industrial output data and after better-than- expected trade figures from China, world's largest metal consumer, helped copper prices to trade higher a futures trade.
Meanwhile, copper for delivery in three months gained 0.2% to USD 6,723.25 a metric tonne at the London Metal Exchange.
