Copper futures rise on pickup in spot demand

Copper futures rise on pickup in spot demand

NEW DELHI: Copper prices on Thursday traded 0.53 per cent higher at Rs 765.10 per kg in the futures market on the back of a pickup in the spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 4, or 0.53 per cent, at Rs 765.10 per kg in a business turnover of 4,802 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by the pickup in spot demand.

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