Buoyed by stronger-than-expected Chinese industrial output data, copper prices gained Rs 4 or 1.14 per cent to Rs 355.60 per kg at the futures trade on Monday.
A pick-up in demand from industrial units, as well as domestic spot markets, supported the upside in copper futures.
The firming trend in base metals overseas after reports of stronger-than-estimated Chinese industrial output and retail sales data also influenced copper futures.
At the Multi Commodity Exchange counter, far-month February contract shot up by Rs 4 or 1.14 per cent to Rs 355.60 per kg in a turnover of 2,178 lots. Likewise, the metal for delivery in November also gained Rs 3.95 or 1.13 per cent to Rs 353.35 per kg w ith a turnover of 31,722 lots.
Meanwhile, three-month copper prices shot up by 1.5 per cent to $7,599 a tonne on the London Metal Exchange.
