Copper futures surge 3% on pickup in spot demand
On MCX, copper contracts for May delivery traded higher by Rs 21.15 at Rs 808.40 per kg.
By PTI |
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NEW DELHI: Copper prices on Monday traded up by 2.69 per cent at Rs 808.40 per kg in the futures market on the back of a pickup in spot demand.
On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 21.15, or 2.69 per cent, at Rs 808.40 per kg in a business turnover of 5,382 lots.
Analysts attributed the rise in copper prices to raising of bets by participants driven by the pickup in the spot demand.
On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 21.15, or 2.69 per cent, at Rs 808.40 per kg in a business turnover of 5,382 lots.
Analysts attributed the rise in copper prices to raising of bets by participants driven by the pickup in the spot demand.
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