Copper futures gain on spot demand

Copper prices edged higher by 0.06 per cent to Rs 456.40 per kg in futures trade Friday as participants raised bets on spot demand.

On the Multi Commodity Exchange, copper contracts for July delivery rose by Rs 8.85, or 0.06 per cent, to Rs 456.40 per kg in a business turnover of 5,617 lots.

Analysts said pick-up in demand at the spot market mainly led to the rise in copper prices in futures trade here.