New Delhi: Copper prices on Wednesday traded up 0.61 per cent at Rs 370 per kg in futures market on the back of pick-up in spot demand.
On the Multi Commodity Exchange, copper contracts for delivery in March traded higher by Rs 2.25, or 0.61 per cent, at Rs 370 per kg in a business turnover of 283 lots.
Similarly, the metal for delivery in April edged up by Rs 3.30, or 0.88 per cent, to Rs 376.95 per kg in 1,398 lots.
Analysts attributed the rise in copper prices to raising of bets by participants driven by pick-up in spot demand. P
Nickel prices on Wednesday gained 0.25 per cent to Rs 868.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market.
On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 2.20, or 0.25 per cent, to Rs 868.50 per kg in a business turnover of 130 lots.
Similarly, the metal for April delivery traded higher by 40 paise, or 0.05 per cent, at Rs 865.50 per kg in a business turnover of 1,602 lots.
Rising demand in spot market from alloy-makers mainly supported price rise in nickel futures, analysts said.