Copper prices on the Multi Commodity Exchange (MCX) surged on Friday, driven by robust spot demand. Analysts cite increased bets by market participants as a key factor.
New Delhi, Jul 5 (PTI) Copper prices on Friday rose 0.55 per cent to Rs 872.95 per kilogram in the futures market on the back of higher spot demand.
On the Multi Commodity Exchange, copper contracts for delivery in July traded higher Rs 4.80 or 0.55 per cent at Rs 872.95 per kg in a business turnover of 7,171 lots.
Analysts attributed the rise in copper prices to the raising of bets by participants.
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