NEW DELHI: Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.92 per cent to Rs 420.15 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 3.85, or 0.92 per cent to Rs 420.15 per kg in business turnover of 6,163 lots.
The metal for delivery in far-month November edged up by Rs 3.80, or 0.91 per cent to Rs 426.45 per kg in 316 lots.
Globally, copper for delivery in three months climbed 0.50 per cent to USD 7,035.75 a tonne on the London Metal Exchange.
Market analysts said apart from increased demand at domestic spot markets from consuming industries, a firming overseas trend, after data showed US manufacturing rose by the most in four months, mainly influenced copper prices at futures trade here.
