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ET:Copper futures rise on global cues
 
NEW DELHI: Tracking a firm global trend, copper prices rose by Rs 4.80 to Rs 415.60 per kg in futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange, copper for delivery in April rose by Rs 4.80, or 0.68 per cent to Rs 415.60 per kg in business turnover of 33832 lots.

Similarly, the metal for delivery in June moved up by Rs 2.45, or 0.59 per cent to Rs 421.25 per kg in 1594 lots.

Market analysts said fresh positions created by speculators on the back of a firming global trend mainly led to rise in copper prices at futures trade.

Meanwhile, copper rose 0.6 per cent to USD 7,572 a tonne on the London Metal Exchange.
Source