Copper futures prices rise on global cues
At the Multi Commodity Exchange, copper for delivery in November rose by Rs 1.15, or 0.27 per cent, to Rs 421.75 per kg, with a business turnover of 3,643 lots.
Similarly, the metal for delivery in February traded higher by Re 1, or 0.23 per cent, to Rs 427.95 per kg, with a business turnover of 314 lots.
Marketmen said a firming trend overseas as signs of improved economic growth in China, the biggest user, boosted demand outlook, influenced copper prices at futures trade here.
Besides, pick-up in demand at the domestic spot market supported the upside, traders said.
Meanwhile, copper for the metal for delivery in three months climbed 0.4 per cent to USD 7,666.75 per tonne at the London Metal Exchange, while at Shanghai, the metal advanced 0.2 per cent to 55,940 yuan (USAD 8,974) per tonne.
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