Copper futures surge 3% on pickup in spot demand

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.