Market and product
Copper up 0.5% on global cues, spot demand
Besides, increased demand from consuming industries supported the uptrend.
At the Multi Commodity Exchange, copper for delivery in February rose by Rs 2.35, or 0.53%, to Rs 447.05 per kg in business turnover of 1,804 lots.
Similarly, the metal for delivery in April traded higher by Rs 2.20, or 0.49%, to Rs 452.10 per kg in 71 lots.
Analysts attributed the rise in copper futures to a firm global trend after stockpiles declined and rising demand from consuming industries.
Meanwhile, copper for delivery in three months climbed 0.2% to $7,155 per metric tonne on the London Metal Exchange.
