2025-12-26 12:18:54 pm | Source: Accord Fintech
Copper futures trade sharply higher on strong international rates
Copper futures traded sharply higher on MCX, as the international rates are near five-month high with persisting supply constraints and robust spot demand. Long-term trends in electric vehicles, renewable energy projects, power grid expansion, and AI infrastructure development buoyed the red metal demand. Softer dollar and narrowed inventory positions fuelled the bullish trend.
The contract for January delivery was trading at Rs 1219.25 up by 3.99% or Rs 46.80 from its previous closing of Rs 1172.45. The open interest of the contract stood at 11764 lots.
The contract for December delivery was trading at Rs 1236.75 up by 3.95% or Rs 46.95 from its previous closing of Rs 1189.80.The open interest of the contract stood at 2426 lots on MCX.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Zepto's losses widen 177 pc in FY25 to Rs 3,367.3 crore
Number of poor getting subsidised LPG under PMUY sch...
Housing sales value in Indian cities jump 6 pc in 2025
Revised rail fares to balance affordability, ensure ...
2025 a year of evidence-based growth, global leaders...
Zerodha MF introduces Nifty Short Duration G-Sec Ind...
Aditya Birla SL AMC announces change in name of schemes
Premium residential prices in Indian cities jump up ...
Vedanta gains on getting NOC from Andhra government ...
Chitrangda Singh reveals New Year's plans: ?Regular ...
