NEW DELHI, Sept 20: Copper prices rose by 0.54 per cent to Rs 430.35 per kg in futures trade today driven by positive cues from global market.
At the Multi Commodity Exchange, copper for delivery in far-month February next year was up by Rs 2.30, or 0.54 per cent, to Rs 430.35 per kg in a business volume of 26 lots.
The metal for delivery in November also gained Rs 2.25, or 0.53 per cent, to Rs 426.10 per kg, in a business turnover of 2,273 lots.
Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME) and rising demand from consuming industries at domestic spot markets supported the upside.
Globally, at the LME copper three-month delivery ended up 0.1 per cent at USD 6,539 per tonne yesterday. (PTI)
Trending Now
E-Paper
Follow our WhatsApp channel