NEW DELHI, June 1: Copper prices rose marginally by 0.10 per cent to Rs 387.05 per kg in futures trade today as speculators built up fresh positions, taking positive cues from global markets.
In addition, rising demand in domestic spot markets supported the uptrend.
In futures trading at the Multi Commodity Exchange, copper for delivery in June contracts traded higher by 40 paise, or 0.10 per cent, to Rs 387.05 per kg in a business turnover of 75 lots.
Metal for delivery in August contracts rose a similar margin to trade at Rs 392.25 per kg in 121 lots.
Analysts attributed the rise in copper futures to a firm global trend as factory activity in China, the world’s biggest consumer of metals, expanded for the third month and rising demand at domestic markets.
Globally, copper for delivery in three months climbed 0.3 per cent to USD 6,035.50 per tonne in the London Metal Exchange. (PTI)
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