NEW DELHI: Taking positive cues from the overseas markets and increased domestic demand, copper prices rose by 1.78 per cent to Rs 420.95 per kg in futures trade today as participants created speculative positions. At the Multi Commodity Exchange, copper for delivery in April traded higher by Rs 7.35, or 1.78 per cent, to Rs 420.95 per kg in business turnover of 7,682 lots. Similarly, the metal for delivery in June edged up by Rs six, or 1.44 per cent, to Rs 421.85 per kg in 1,283 lots. Analysts said a firming trend overseas as stockpiles monitored by global exchanges declined to the lowest since 2009 and the outlook for demand improved in the US, the world's second-largest user of the metal, influenced copper prices at futures trade here. Besides, rising demand from domestic consuming industries too pushed up prices, they said. Globally, copper for delivery in three months climbed 1.2 per cent to $6,753 a tonne on the London Metal Exchange in Thursday's trade.

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