Buoyed by a firming trend overseas and pick-up in spot demand, copper futures prices recovered by 0.28% to Rs 397.45 per kg today.
At the Multi Commodity Exchange, February copper rose by Rs 1.10, or 0.28%, to Rs 397.45 per kg, with a business volume of 7,473 lots.
The June delivery gained Rs 1.05, or 0.26%, to Rs 404.80 per kg, with a trade turnover of seven lots.
Globally, copper for three-month delivery jumped up by 0.5% to $7,446 a tonne on the London Metal Exchange (LME), while at Shanghai Futures Exchange gained 1.5% to 54,570 yuan ($8,611) per tonne.
Market analysts attributed the rise in copper futures prices to a firming trend on the LME as signs of growth in the US and Germany raised expectations that demand for the industrial metal will increase.
