Copper Futures Rise on Higher Demand

New Delhi, Jul 1 (PTI) Copper futures rose 0.46 per cent to Rs 898.70 per kilogram on Tuesday due to higher spot demand.

During the day, the metal touched an all-time high of Rs 903 per kilogram.

The copper contracts for July delivery pared its gains and were trading Rs 4.10 or 0.46 per cent at Rs 898.70 per kg in a business turnover of 8,260 lots, on the Multi Commodity Exchange.


Sriram Iyer, Senior Research Analyst at Reliance Securities said copper prices gained as easing trade concerns and positive macroeconomic data from the US boosted investor sentiments.

On the economic calendar front, investors will monitor key data points like -- JOLTS jobs openings, ISM manufacturing PMI, Eurozone CPI and speech from Fed Chair Jerome Powell for further cues, Iyer added.

Analysts attributed the rise in copper prices to higher bets by participants.