Copper futures rise on spot demand

Copper prices on Friday rose by 0.5 per cent to Rs 791.10 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 3.90 or 0.5 per cent at Rs 791.10 per kg in a business turnover of 3,982 lots.

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