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BS:Copper up 0.1% on global cues, spot demand
 
Buoyed by a firm global trend and increased domestic demand, copper prices rose by 0.12% to Rs 453.70 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in November gained 55 paise, or 0.12%, to Rs 453.70 per kg in business turnover of 454 lots.

Similarly, the metal for delivery in February, 2014, edged up by 45 paise, or 0.10%, to Rs 463.60 per kg in a turnover of 18 lots.

Marketmen said apart from increased demand from consuming industries, a firming overseas trend after imports of refined metal into China reached a 19-month high, indicating continued demand in the world's biggest consumer, influenced copper prices at futures trade.

Meanwhile, copper for delivery in three months added 0.2% to $7,256 per tonne on the London Metal Exchange.
Source