New Delhi, May 12 – Copper futures witnessed a marginal uptick on Tuesday, driven by improved spot market demand and increased speculative interest from traders.
On the Multi Commodity Exchange (MCX), copper contracts for June delivery rose 55 paise, or 0.06 percent, to Rs 855.50 per kilogram. The session recorded a trading volume of 949 lots, indicating active participation.
According to market analysts, the modest gain in copper prices was primarily influenced by participants' higher bets, reflecting confidence in short-term demand.
The movement in copper prices aligns with the broader trend of base metal strength, which is characterized by steady industrial consumption and tight inventories in the physical market.
