PTI reported that Buoyed by a firming trend in the global markets, copper futures prices rose by 0.39% to INR 435.15 per kilogram as speculators enlarged positions.
At the Multi Commodity Exchange, copper for delivery in November rose by INR 1.70 or 0.39% to INR 435.15 per kilogram with a business turnover of 9,150 lots. February copper moved up by INR 1.60 or 0.37% to INR 439.60 per kilogram in 498 lots.
Marketmen said that a firming trend overseas after the European Central Bank announced a bond purchase plan to combat the debt crisis, strengthened the demand prospect for metals, supporting the rise in copper prices at futures trade.
Traders said that pick up in demand at the domestic spot market supported the uptrend. Meanwhile, copper for delivery in three months traded 0.3% higher at USD 7,725 per tonne on the London Metal Exchange.
