Copper futures move higher on pickup in spot demand

NEW DELHI: Copper prices on Thursday traded up by 0.43 per cent at Rs 763.75 per kg in the futures market on the back of a pickup in spot demand.

On the Multi Commodity Exchange, copper contracts for May delivery traded higher by Rs 3.25, or 0.43 per cent, at Rs 763.75 per kg in a business turnover of 3,423 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by the pickup in spot demand.