NEW DELHI, Mar 21: Buoyed by a firming trend in global markets, copper futures prices rose by 0.61 per cent to Rs 419.70 per kg today as speculators enlarged positions.
Besides, pick-up in demand at spot markets also supported the upside.
At the Multi Commodity Exchange, copper for delivery in April contracts up by Rs 2.55, or 0.61 per cent, to Rs 419.70 per kg, with a business turnover of 7,201 lots.
Similarly, the metal for delivery in June traded Rs 2.40, or 0.57 per cent higher, at Rs 425.30 per kg, with a business turnover of 414 lots.
Marketmen said the rise in copper futures was attributed to a firming trend overseas after Morgan Stanley predicted increased demand in China, the world’s biggest user.
Globally, copper for the metal for delivery in three months climbed 1.2 per cent to USD 7,620 per tonne at the London Metal Exchange. (PTI)
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