NEW DELHI, June 23: Copper prices rose by 0.66 per cent to Rs 418.20 per kg in futures trade today on the back of a firm global trend and increased domestic demand.
At the Multi Commodity Exchange, copper for delivery in June traded higher by Rs 2.75, or 0.66 per cent, to Rs 418.20 per kg in a business turnover of 426 lots.
The metal for delivery in August edged up by Rs 2.55, or 0.61 per cent, to Rs 420.65 per kg in 54 lots.
Globally, copper for delivery in three months climbed 0.60 per cent to USD 6,862 per tonne in the London Metal Exchange, while at Shanghai Futures Exchange, it gained 1.4 per cent to 49,460 yuan (USD 7,949) a tonne for delivery in August.
Market analysts said besides increased demand from consuming industries, a firm trend in base metals overseas as a private gauge of Chinese factory output beat estimates boosting demand prospects in the biggest user, mainly influenced copper prices at futures trade here. (PTI)
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