Copper futures move higher on pickup in spot demand

NEW DELHI: Copper prices on Tuesday traded up 0.43 per cent at Rs 689.75 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 April traded higher by Rs 2.95, or 0.43 per cent, at Rs 689.75 per kg in a business turnover of 2,804 lots.

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