NEW DELHI, Nov 3: Copper futures traded a shade higher at Rs 415.30 per kg as speculators enlarged positions after base metal strengthened in the global market amid pick-up in spot demand.
At the Multi Commodity Exchange, copper for delivery in November edged up by 60 paise, or 0.06 per cent, to Rs 415.35 per kg in a business turnover of 350 lots.
Likewise, the metal for delivery in February next year traded higher by 25 paise, or 0.04 per cent, to Rs 420.35 per kg in three lots.
Market analysts attributed the rise in copper futures to a firming trend in metal at the London Metal Exchange (LME) and pick-up in industrial demand at domestic market.
Meanwhile, copper for delivery in three months climbed 0.20 per cent to USD 6,709 a tonne at the LME. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel