Copper futures gain 0.08 pc as demand picks up

Copper prices traded higher by 0.08 per cent to Rs 452.10 per kg in futures market today after participants created fresh positions, taking positive cues from the spot market on improved demand.

At the Multi Commodity Exchange, copper for delivery in April edged higher by 35 paise, or 0.08 per cent, to Rs 452.10 per kg in a business turnover of 10 lots.

On similar lines, the metal for delivery in February was trading higher by 10 paise, or 0.02 per cent, to Rs 448.55 per kg in 1,395 lots.

Market analysts attributed the rise in copper futures to building up of fresh positions by participants following pick up in demand from consuming industries at the domestic physical markets.