Copper prices rise 0.27 pc tracking global trend

NEW DELHI, Dec 7:  Copper futures rose 0.27 per cent to Rs 427.65 per kg in futures trade today as participants raised their bets largely in tune with firming global trend and a pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 1.15, or 0.27 per cent, to Rs 427.65 per kg, with a turnover of 350 lots.
Similarly, the metal for delivery in far-month April was up by Re 1, or 0.23 per cent, at Rs 431.50 per kg, with a trade volume of 2 lots.
Market analysts attributed the rise in copper futures to a firming trend in base metals overseas where copper rebounds after recent sell-off and pick-up in demand at domestic spot markets. (PTI)