NEW DELHI, Jan 1: Copper futures prices rose 0.36 per cent to Rs 470.25 per kg today as speculators enlarged positions amid a firming trend at spot markets on industrial demand even as metal weakened overseas.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.70, or 0.36 per cent to Rs 470.25 per kg, with a business turnover of 382 lots.
Similarly, the metal for delivery in far-month April moved up by Rs 1.70, or 0.36 per cent, to Rs 475.10 per kg in 40 lots.
Marketmen said pick up in domestic demand mainly influenced copper prices at futures trade but metal’s weakness in the global market, capped the gains.
Meanwhile, copper for delivery in 3 months traded fell 0.2 per cent to trade at USD 7,360 a tonne on the London Metal Exchange (LME) in yesterday’s trade.
Meanwnhile, the LME is shut today for New Year’s Day holiday. (ANGECIES)
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