Copper futures rise on spot demand

At the Multi Commodity Exchange,copper for delivery in November rose by 75 paise,or 0.17 per cent,to Rs 453.15 per kg,with a business turnover of 16,327 lots. Likewise,the metal for delivery in far-month February traded higher by 80 paise,or 0.17 per cent,to Rs 458.05 per kg,with a business turnover of 939 lots.

Marketmen said fresh positions created by speculators supported by a pick-up in spot demand mainly influenced copper prices at futures trade but weakness in metal at the LME limited the gains.

Meanwhile,copper fell 0.5 per cent to USD 8,054.50 a tonne on the London Metal Exchange.