New Delhi, Copper futures on Tuesday rose 0.46 percent to Rs 898.70 per kg on high spot demand.
During the day, the metal touched an all-time high of Rs 903 per kg.
Copper contracts for July delivery on the Multi Commodity Exchange pared their gains and were trading lower by Rs 4.10, or 0.46 percent, at Rs 898.70 per kg in a business turnover of 8,260 lots.
Sriram Iyer, Senior Research Analyst at Reliance Securities, said easing trade concerns and positive macroeconomic data from the US boosted investor sentiment, pushing copper prices higher.
On the economic calendar front, investors will keep an eye on key data points such as JOLTS job openings, ISM manufacturing PMI, Eurozone CPI and Fed Chair Jerome Powell’s speech for further cues, Iyer said.
Analysts attributed the rise in copper prices to higher bets by participants.
