Copper futures up on global cues

NEW DELHI, June 13:  Copper prices moved up by 0.50 per cent to Rs 413.60 per kg in futures trade today as speculators created fresh positions on firm global cues.

At the Multi Commodity Exchange, copper for delivery in current month June traded Rs 2.05, or 0.50 per cent higher at Rs 413.60 per kg in a turnover of 4,721 lots.

Likewise, the metal for delivery in far-month August edged up by Rs 2.10, or 0.50 per cent, to Rs 419 per kg in 281 lots.

Analysts attributed the rise in copper futures to a firm global trend and rising demand at domestic spot markets.

Meanwhile, copper climbed 1 per cent to USD 7,190 a tonne on the London Metal Exchange. (PTI)