New Delhi, May 14 — Copper prices rose on Wednesday, supported by strong demand in the spot market and increased speculative activity.
On the Multi Commodity Exchange (MCX), copper contracts for June delivery gained Rs 2.95, or 0.34 per cent, to settle at Rs 866.90 per kilogram. The trading volume stood at 2,595 lots.
Market analysts said the uptick in copper futures was primarily driven by traders' fresh positions, which were taken in response to firm demand from consuming industries.
The metal’s gains come amid heightened activity and sentiment in the base metals market, reflecting optimism about industrial recovery and infrastructure development.
