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Copper futures gain on spot demand

PTI   

Copper futures gain on spot demand
Business1 min read
New Delhi, Jan 31 () Copper prices on Friday traded up by Rs 1.70 at Rs 428.20 per kg in futures market on the back of pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in February traded higher by Rs 1.70, or 0.40 per cent, at Rs 428.20 per kg in a business turnover of 2,177 lots.

Similarly, the metal for delivery in March edged up by Rs 1.60, or 0.37 per cent, to Rs 429.90 per kg in 30 lots.

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

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