New Delhi, March 3 – Copper futures witnessed a modest uptick on Monday, rising by Rs 2 to Rs 865.15 per kilogram. The price increase was driven by stronger spot demand, which spurred higher trading activity.
On the Multi Commodity Exchange (MCX), copper contracts for April delivery surged by Rs 2, or 0.23%, to reach Rs 865.15 per kg. The contract saw a substantial turnover, with 823 lots being traded.
Market analysts pointed to increased participation and higher bets from traders as key factors behind the rise in copper prices. As spot demand remains strong, copper futures are expected to stay volatile in the short term.
On the Multi Commodity Exchange (MCX), copper contracts for April delivery surged by Rs 2, or 0.23%, to reach Rs 865.15 per kg. The contract saw a substantial turnover, with 823 lots being traded.
Market analysts pointed to increased participation and higher bets from traders as key factors behind the rise in copper prices. As spot demand remains strong, copper futures are expected to stay volatile in the short term.
