NEW DELHI: Buoyed by a firming trend in global markets, copper prices rose by Rs 1.95 to Rs 435.15 per kg in futures trading today as speculators created fresh position.
At the Multi Commodity Exchange, copper for delivery in November rose by Rs 1.95, or 0.45 per cent, to Rs 435.15 per kg, with a business turnover of 5,348 lots.
The metal for delivery in far-month February traded higher by Rs 1.90, or 0.43 per cent, to Rs 440.65 per kg, with a business turnover of 301 lots.
Marketmen said a firming trend overseas on speculation that moves by central banks around the world will stimulate growth and boost demand for industrial metals, helped copper to trade higher at futures trade here.
Also, pick-up in domestic demand further fuelled the uptrend, they said.
Meanwhile, copper for delivery in three-months climbed 0.5 per cent to USD 8,342 a tonne on the London Metal Exchange.
