Analysts said that the weak cues at global markets and rise in demand at domestic spot markets followed by the release of the US Fed meeting minutes, which showed that the majority of Fed members were cautious to adjust rates following poor US labour data and Brexit vote, influenced the rise in copper futures.
At the MCX, Copper futures for August 2016 contract is trading at Rs 324.55 per kg, up by 0.06 per cent, after opening at Rs 323.90, against a previous close of Rs 324.35. It touched the intra-day high of Rs 324.60 (At 10:03 hours).
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