NEW DELHI, Oct 14: Copper prices moved up by 0.13 per cent to Rs 420.45 per kg in futures trade today as speculators enlarged positions after base metals rose in overseas markets amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in February next year traded higher by 55 paise, or 0.13 per cent to Rs 420.45 per kg in business turnover of 10 lots.
In a similar fashion, the metal for delivery in November edged up by 50 paise, or 0.12 per cent to Rs 413.80 per kg in 2,306 lots.
Market analysts attributed the rise in copper futures to a firming trend in base metals in the global market before euro-region industrial output data and after better-than- expected trade figures from China, world’s largest metal consumer, helped copper prices to trade higher a futures trade.
Meanwhile, copper for delivery in three months gained 0.2 per cent to USD 6,723.25 a metric tonne at the London Metal Exchange. (PTI)
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