NEW DELHI: Taking positive cues from global markets, copper prices rose by 0.16 per cent to Rs 413.30 per kg in futures trade today amid increased domestic demand. At the Multi Commodity Exchange, copper for delivery in April traded higher by 65 paise, or 0.16 per cent, to Rs 413.30 per kg in business turnover of 4,814 lots. Similarly, the metal for delivery in June edged up by 50 paise, or 0.12 per cent, to Rs 419.05 per kg in 334 lots. Market analysts said besides increased demand from consuming industries, a firming trend overseas as prices became more attractive to end users following yesterday's slump and easing fears about a controversial bailout for Cyprus, influenced copper prices at futures trade here. Meanwhile, copper for delivery in three months climbed 0.3 per cent to $7,600 a tonne on the London Metal Exchange, at Shanghai Futures Exchange, the metal for July delivery traded a shade higher at 55,270 yuan $8,890 a tonne.

Source