Copper futures up on spot demand

New Delhi, Feb 19 () Copper prices on Wednesday traded up 0.39 per cent at Rs 433.30 per kg in futures market on the back of pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in February traded higher by Rs 1.70, or 0.39 per cent, at Rs 433.30 per kg in a business turnover of 2,597 lots.

Similarly, the metal for delivery in March edged up by Rs 1.60, or 0.37 per cent, to Rs 437.30 per kg in 323 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by pick-up in spot demand. VHP SHWSHW
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