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( As on 11/09/2017 16:10) Copper futures surge 1.11% amid robust demand

Copper futures were trading higher during the evening trade in the domestic market on Monday as traders widened bets buoyed by firm spot demand.

Analysts attributed the rise in copper futures to raising of bets by participants on the back of a firm trend in base metals at the domestic spot markets due to high demand from consuming industries.

At the MCX, copper futures for November 2017 contract was trading at Rs 435.90 per kg, up by 1.11 per cent, after opening at Rs 432.55, against a previous close of Rs 431.10. It touched the intra-day high of Rs 436.20 (at 16:00 hours).