Copper Futures Edge Higher on Firm Spot Demand

Copper futures gained marginally on Tuesday, rising 0.18% to ₹850.50 per kilogram on the Multi Commodity Exchange (MCX), supported by improved spot market demand.

The May delivery contract witnessed an uptick of ₹1.55 in a trading volume of 5,547 lots. Analysts attributed the price rise to increased buying interest from participants, driven by firm demand in the physical market.

Market experts noted that the upward trend reflects positive sentiment among traders and a potential supply-demand imbalance, which may keep copper prices buoyant in the near term.