NEW DELHI, Oct 11: Continuing its price rise, copper gained 0.09 per cent to Rs 454.40 per kg in futures trade today as speculators engaged in enlarging their positions on the back of a firming overseas trend ahead of Chinese trade data.
At the Multi Commodity Exchange, copper for delivery in February next year traded 40 paise, or 0.09 per cent, higher at Rs 454.40 per kg in a turnover of 37 lots.
Likewise, the metal for delivery in November traded higher by 30 paise, or 0.07 per cent, to Rs 443.85 per kg in 1,886 lots.
Market analysts attributed the rise in copper futures to a recovery in the global markets ahead of the Chinese trade data that may show sustained demand from the biggest metal users and the US as politicians continued talks to avoid a debt default.
Also, a pick-up in demand in the spot market further fuelled the uptrend, they said.
Meanwhile, copper rose 0.4 per cent to USD 7,170.25 a tonne on the London Metal Exchange. (PTI)
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