Copper spikes on spot demand

Photo: Representational Image


Copper prices traded up by 0.74 per cent to Rs 713.60 per kg in the futures market on the back of a pick-up in the spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in October traded higher by Rs 5.25, or 0.74 per cent, to Rs 713.60 per kg in a business turnover of 2,137 lots.

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