Copper futures rise 1.04% on global cues

New Delhi: Copper rose by 1.04 percent to Rs 413.20 per kg in futures trade Friday as speculators created fresh positions taking positive cues from the overseas markets.

At the Multi Commodity Exchange, copper for delivery in June rose by Rs 4.25, or 1.04 percent, to Rs 413.20 per kg in business turnover of 6,131 lots.

Similarly, the metal for delivery in August traded higher by Rs 3.50, or 0.85 percent, to Rs 415.85 per kg in 542 lots.

Globally, copper for delivery in three months rose 0.5 percent to USD 6,756 a tonne on the London Metal Exchange.

Market analysts attributed the rise in copper futures to a firming global trend.

Meanwhile, copper for delivery in three months rose 0.5 percent to USD 6,756 a tonne on the London Metal Exchange.