NEW DELHI, Dec 24:Supported by a firming trend in global markets, copper futures prices recovered marginally by 0.13 per cent to Rs 438.60 per kg today as speculators enlarged positions.
At the Multi Commodity Exchange, copper for delivery in February traded 55 paise, or 0.13 per cent, to Rs 438.60 per kg, with a business turnover of 2,690 lots.
Similarly, the metal for delivery in far-month April gained 45 paise, or 0.10 per cent, to Rs 442.85 per kg, with a business turnover of 118 lots.
Marketmen said a firming trend overseas as US data showed demand from the second-largest user may improve mainly influenced copper prices at futures trade here.
Besides, pick-up in demand at the domestic spot market supported the upside, traders said.
Meanwhile, copper for the metal for delivery in three months climbed 0.40 per cent to USD 7,865 per tonne on the London Metal Exchange, while on the Shanghai Futures Exchange the metal added 0.40 per cent to 56,990 yuan (USD 9,140) per tonne. (PTI)
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