PTI reported that buoyed by firming global trends, copper prices rose by INR 2.10 to INR 437.05 per kilogram in futures trade today as speculators created fresh positions.
Rising demand from consuming industries in the spot market also influenced trading sentiment. At the Multi Commodity Exchange, copper for delivery in June rose by INR 2.10 or 0.44% to INR 437.05 per kilogram in business turnover of 433 lots. The April contract moved up by INR 1.75 or 0.41% to INR 432.55 per kilogram in 5,893 lots.
Analysts said that fresh buying by speculators in tandem with a firming global trend mainly led to rise in copper prices at futures trade. Meanwhile, copper for three month metal rose 0.5% to USD 8,670 per tonne on the London Metal Exchange.
