NEW DELHI, Aug 8: Copper prices rose 0.22 per cent to Rs 440.10 per kg in futures trade today as speculators created positions amid a firm trend in spot markets on increased domestic demand.
However, the metal’s weakness at the London Metal Exchange (LME), capped the gains.
At the Multi Commodity Exchange, copper for delivery in November traded higher by 95 paise, or 0.22 per cent, to Rs 440.10 per kg in a business turnover of seven lots.
The metal for delivery in August edged up by 90 paise, or 0.21 per cent, to Rs 432.60 per kg in 508 lots.
Globally, copper for delivery in three months fell as much as 0.40 per cent to USD 6,972 a tonne at the LME after imports by China, the biggest user of the metal, fell in July to the lowest since April 2013.
Analysts said increased demand from consuming industries at domestic spot markets helped copper to trade higher at futures trade but a weak trend at the LME, limited the gains. (PTI)
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