Copper Prices Rise to Rs 1,151.20 per Kilogram in Futures Trading
Domestic Copper Prices Surge
New Delhi, March 27 – Copper prices saw a notable increase in futures trading on Friday, closing at Rs 1,151.20 per kilogram. The rise represents a Rs 12.30 increase per kilogram, or 1.08 percent, driven by robust domestic demand and supportive global trends.The trading volume for April delivery on the Multi Commodity Exchange (MCX) reached 9,652 lots.
Global Market Influence
International markets also contributed to the price increase. Comex copper futures for the May contract rose by 1.14 percent, settling at USD 5.53 per pound. Simultaneously, the London Metal Exchange (LME) reported an appreciation of USD 108.58, or nearly 1 percent, bringing the price to USD 12,244.58 per tonne.Analysts attributed the rise in domestic copper prices to fresh buying activity from market participants, reflecting the positive sentiment spurred by international market strength.
Table 1: Copper Price Movements
| Exchange | Contract | Price Change | Price per Unit |
|---|---|---|---|
| MCX | April Delivery | Rs 12.30 | Rs 1,151.20 |
| COMEX | May Contract | 1.14 percent | USD 5.53 |
| LME | N/A | 0.99 percent | USD 12,244.58 |
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: