Copper Futures Rise on Strong Global Cues

New Delhi, Mar 27 (PTI) Copper prices climbed Rs 12.30 to Rs 1,151.20 per kilogram in futures trade on Friday, driven by firm demand in the domestic market and positive global trends.

On the Multi Commodity Exchange, the red metal for April delivery increased by Rs 12.30, or 1.08 per cent, to Rs 1,151.20 per kg in a business turnover of 9,652 lots.


Analysts said the rise in copper prices was largely driven by fresh buying from market participants following strength in international markets.

In the international market, Comex copper futures for the May contract went up by 1.14 per cent, to USD 5.53 per pound.

Meanwhile, the red metal on the London Metal Exchange (LME) appreciated USD 108.58, or nearly 1 per cent, to USD 12,244.58 per tonne, supporting domestic sentiment.