Follow Us:

Copper spikes on 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

PTI | New Delhi |

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.