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Copper futures rise on positive demand

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Press Trust of India New Delhi

Copper prices on Thursday traded up 0.14 per cent at Rs 452.50 per kg in futures market on the back of pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in January traded higher by 65 paise, or 0.14 per cent, at Rs 452.50 per kg in a business turnover of 2,128 lots.

Similarly, the metal for delivery in February edged up by 75 paise, or 0.17 per cent, to Rs 453 per kg in 111 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by a pick-up in spot demand.

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First Published: Jan 09 2020 | 1:05 PM IST

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