By taking positive signals from overseas markets and a rebound in spot demand, copper futures prices today rose 0.33% to Rs 453 per kg.
At MCX, copper for delivery in April increased by Rs 1.50, or 0.33%, to Rs 453 per kg, with business revenues of 127 lots.
Similarly, the metal for February delivery increased by Rs 1.40, or 0.31%, to Rs 446.90 per kg, with a trade volume of 3,532 lots.
Globally, copper for three month delivery on to 0.4% at $ 6,987.50 a tonne on the London Metal Exchange (LME), while in Shanghai Futures Exchange increased 0.20% to 50,290 yuan (8,256 dollars) per tonne.
Market observers attributed the increased in copper futures trade to a firming trend at the LME as stocks declined and manufacturing expanded in China and the U.S., the biggest users of the world.
Reported: Business Standard