NEW DELHI: Buoyed by a firm global trend and pick up in domestic demand, copper prices traded higher by 0.17 per cent to Rs 421.60 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in November traded higher by 70 paise, or 0.17 per cent, to Rs 421.60 per kg, with a business turnover of 16,653 lots.
Similarly, the metal for delivery in February edged up by 65 paise, or 0.15 per cent, to Rs 427.60 per kg, with a business turnover of 1,143 lots.
Marketmen said besides increased demand from consuming industries, a firm global trend on speculation that the Bank of Japan will announce new monetary stimulus and after consumer spending in the US rose more than forecast last month mainly influenced copper prices at futures trade.
Meanwhile, copper for delivery in three months gained 0.7 per cent to USD 7,751 a tonne on the London Metal Exchange.
