New Delhi, February 24: Copper futures moved higher on Tuesday, supported by firm demand in the spot market and active participation from traders.
Copper March Contracts Gain on MCX
On the Multi Commodity Exchange, copper contracts for March delivery rose by Rs 5.45, or 0.46 percent, to trade at Rs 1,202.70 per kilogram. The contract recorded a trading volume of 13,539 lots during the session, reflecting steady market activity.Increased Spot Demand Lifts Copper Prices
Market participants attributed the upward movement in copper futures to stronger spot demand, which provided support to prices. Analysts said increased speculation by traders also contributed to the gains, leading to fresh buying interest in the contract.The rise in copper prices on the MCX underscores the impact of demand trends and trading activity on base metal futures in the domestic commodities market.
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