BS reported that Indian copper prices rose by 0.36% to INR 414.05 per kilogram in futures trade as speculators enlarged positions supported by rising spot demand. However, weakness in metals overseas amid signs emerging that demand may slow in China.

At the Multi Commodity Exchange, copper for delivery in August edged up by INR 1.50 or 0.36% to INR 414.95 per kilogram in business turnover of 4,811 lots. Likewise, the metal for delivery in far month November traded higher by INR 1.45 or 0.35% to INR 420.70 per kilogram in 210 lots.

Market analysts attributed the rise in copper futures to a rising demand from consuming industries in the spot markets but metal's weakness at the London Metal Exchange on speculations that demand may slow from China, limited the gains. Meanwhile, copper rose 0.1% to USD 6,880.75 per tonne at the LME.