NEW DELHI, May 29: Buoyed by a firm global trend and increased domestic demand, copper prices rose 0.21 per cent to Rs 398 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in August traded higher by 85, or 0.21 per cent, to Rs 398 per kg in a business turnover of three lots.
Similarly, the metal for delivery in June was up 60 paise, or 0.15 per cent, to Rs 393.05 per kg in 123 lots.
Market analysts said a firming trend overseas ahead of data expected to signal a slight upturn in factory activity in China, the world’s biggest consumer of metals, supported the upside in copper futures here.
Globally, copper for delivery in three months climbed 0.4 per cent to USD 6,122 a tonne at the London Metal Exchange.
Besides, rising demand from consuming industries influenced copper prices, they said. (PTI)
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