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Copper futures prices rose by Rs 1.80 to Rs 455.65 per kg at the futures trade today as speculators enlarged their positions, driven by a firming global trend.
At the Multi Commodity Exchange counter, copper for delivery in April rose by Rs 1.80 or 0.4 per cent to Rs 455.65 per kg with a business turnover of two lots. Similarly, February contract gained Rs 1.75 or 0.39 per cent to Rs 450.95 per kg with a business turnover of 30 lots.
Analysts attributed the rise in copper futures prices to the firming trend at the London Metal Exchange (LME) after the Federal Reserve raised its forecast for US economic growth.
Meanwhile, at the LME, copper gained 0.7 per cent to $9,910 a tonne.
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