NEW DELHI, Nov 13: Copper futures traded a shade higher at Rs 411.70 per kg as speculators enlarged positions after base metal strengthened overseas amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in November edged up by 65 paise, or 0.16 per cent, to Rs 411.70 per kg in a business turnover of 724 lots.
Likewise, the metal for delivery in February 2015 traded higher by 45 paise, or 0.11 per cent, to Rs 417.30 per kg in 25 lots.
Market analysts attributed the rise in copper futures to a firming trend overseas before factory output data from China and employment figures from the US.
Meanwhile, copper for delivery in three months traded little changed at USD 6,678 a tonne at the London Metal Exchange. In Shanghai, metal for January delivery rose 0.1 per cent to 47,370 yuan (USD 7,732) per tonne. (PTI)
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