NEW DELHI: Supported by a firm global trend and increased domestic demand, copper prices rose by 0.46 per cent to Rs 417.45 per kg in futures trade today. At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 1.90, or 0.46 per cent, to Rs 417.45 per kg in business turnover of 3,888 lots. The metal for delivery in November edged up by Rs 1.95, or 0.46 per cent, to Rs 424.25 per kg in 273 lots. Globally, copper for delivery in three months rose 0.90 per cent to USD 6,970 a tonne on the London Metal Exchange, while at Shanghai Futures Exchange, it gained 0.60 per cent to 49,970 yuan (USD 8,138) a tonne. Market analysts said besides increased demand from consuming industries, a firm overseas trend after a Federal Reserve report showed a bigger-than-expected gain in regional US manufacturing, signalling improved demand prospects for the metals, mainly influenced copper prices at futures trade here.

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