Copper futures marginally up on global cues

NEW DELHI: Copper futures traded a shade higher at Rs 332.25 per kg today as speculators enlarged bets, largely in step with a firming trend in base metals at the Shanghai Futures Exchange.

At the Multi Commodity Exchange, copper for delivery in April rose 20 paise, or 0.06 per cent, to Rs 332.25 per kg, in a turnover of 551 lots.

Metal for delivery in far-month June also rose 15 paise, or 0.04 per cent, to trade at Rs 336.50 per kg, with trade volume of 17 lots.

Analysts said gains in copper and other metals in Asian trading and rising demand at the domestic spot markets influenced metal prices at futures trade.

However, absence of cues from the London Metal Exchange (LME) that is closed for a public holiday, influenced trading here, they said.

Globally, copper rose at the Shanghai Futures Exchange while added 0.5 per cent in New York.