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Copper prices moved up by 0.16% to Rs 414.15 per kg in futures trade today as speculators created fresh positions in tandem with a firming global trend.
At the Multi Commodity Exchange, copper for delivery in June traded higher by 65 paise, or 0.16%, to Rs 414.15 per kg in a business turnover of 12,581 lots.
In a similar fashion, the metal for delivery in August edged up by 50 paise, or 0.12%, to Rs 417.70 per kg in 86 lots.
Analysts attributed the rise in copper futures to a firm global trend as stockpiles monitored by exchanges in London, Shanghai and New York slumped.
Meanwhile, copper for delivery in three months added 0.2% to USD 6,728 a tonne on the London Metal Exchange.
