Copper futures gain on pickup in demand

On Multi Commodity Exchange, copper contracts for the March delivery traded 0.3% higher at Rs 672.60 per kg.

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A pick-up in spot demand supported the price.
NEW DELHI: Copper prices on Wednesday rose 0.3 per cent to Rs 672.60 per kg in the futures trade on a pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for the March delivery traded higher by Rs 2, or 0.3 per cent, to Rs 672.60 per kg in a business turnover of 2,520 lots.

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

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