Copper Prices Soar on Higher Spot Demand and Participant Bets
Copper prices surged on Thursday due to higher spot demand in the market. Copper futures rose by Rs 3.65 to Rs 1,428.15 per kg. This increase can be attributed to analysts who pointed out that participants are making higher bets.
The September delivery of copper contracts saw a 0.26% rise in 3,907 lots. Despite the slight uptick, the market remains cautious about the future of copper prices.