Copper futures remain up, gain 1.12 pc on global cues

Copper prices advanced by 1.12 per cent to Rs 391.60 per kg in futures trading today as speculators engaged in enlarging their positions, tracking a firm trend overseas.

At Multi Commodity Exchange, copper for delivery in August rose by Rs 4.35, or 1.12 per cent, to Rs 391.60 per kg in a business turnover of 19,785 lots.

On similar lines, the metal for delivery in November was trading higher by R 4.40, or 1.12 per cent, to Rs 397.70 per kg in 548 lots.

Market analysts said widening of positions by participants on the back of a firm trend in base metals in global markets, mainly kept copper prices up at futures trade.

Globally, copper for delivery in three months advanced 1.3 per cent to USD 6,036 a metric tonne on the London Metal Exchange.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)