Copper futures rise on spot demand

Copper prices on Wednesday rose by 0.6 per cent to Rs 794.80 per kilogram in the futures market on the back of a pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 4.75 or 0.6 per cent at Rs 794.80 per kg in a business turnover of 3,865 lots.

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