NEW DELHI: Copper prices rose by 0.36 per cent to Rs 414.05 per kg in futures trade today as speculators enlarged positions supported by rising spot demand.
However, weakness in metals overseas amid signs emerging that demand may slow in China.
At the Multi Commodity Exchange, copper for delivery in August edged up by Rs 1.50, or 0.36 per cent, to Rs 414.95 per kg in business turnover of 4,811 lots.
Likewise, the metal for delivery in far-month November traded higher by Rs 1.45, or 0.35 per cent, to Rs 420.70 per kg in 210 lots.
Market analysts attributed the rise in copper futures to a rising demand from consuming industries in the spot markets but metal's weakness at the London Metal Exchange (LME) on speculations that demand may slow from China, limited the gains.
Meanwhile, copper rose 0.1 per cent to USD 6,880.75 per tonne at the LME.
