Copper futures rose nearly 1% to ₹1,279.45 per kilogram on Thursday, tracking firm global trends amid optimism over industrial demand and continued buying by market participants.
Copper Futures Climb Nearly 1 Pc on Firm Global Cues
Similarly, Comex futures for September delivery rose around 2% to $6.22 per pound in New York
Copper futures climb nearly 1 pc on firm global cues Magnific
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On the Multi Commodity Exchange (MCX), copper contracts for July delivery advanced ₹11.35, or nearly 1%, to ₹1,279.45 per kg in a business turnover of 12,961 lots.
The August contract for the red metal also gained ₹11.60, or 0.9%, to ₹1,294.75 per kg, with a turnover of 2,554 lots.
Traders said sustained buying in domestic futures mirrored gains in overseas markets, supported by optimism over demand prospects and a positive undertone across base metals.
In the international markets, copper futures on the London Metal Exchange (LME) climbed $242.42, or nearly 2%, to $13,456.22 per tonne.
Similarly, Comex futures for September delivery rose around 2% to $6.22 per pound in New York.
Analysts said market participants are closely monitoring global manufacturing activity, developments in major consuming economies and supply-side trends for further direction in copper prices.