NEW DELHI, Mar 25: Taking positive cues from overseas markets and a pick-up in spot demand, copper futures rose by 0.46 per cent today to Rs 400.25 per kg.
At the Multi Commodity Exchange, copper for delivery in April was trading higher by Rs 1.85, or 0.46 per cent, to Rs 400.25 per kg, with a turnover of 1,113 lots.
Similarly, the metal for delivery in far-month July was up by Rs 1.80, or 0.45 per cent, at Rs 404.25 per kg, with a trade volume of 62 lots.
Globally, copper for three-month delivery added 0.30 per cent to USD 6,494.25 a tonne on the London Metal Exchange (LME).
Market analysts attributed the rise in copper in futures trade to a firming trend on the LME on speculation that China would take measures to bolster growth amid concern that supplies from a mine in Chile will be disrupted after protests by contract workers turned violent.
Besides, pick-up on spot demand also supported the upside, they said. (AGENCIES)
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