Copper Futures Rise on MCX Amid Firm Global Market

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Aug 28, 2026 14:56

Copper futures traded marginally higher on MCX, rising for the second straight session. This increase is driven by a firm international market trend and optimism over demand.

Copper Futures Rise on MCX Amid Firm Global Market

Key Points

Copper futures on MCX rose by Rs 1.85 to Rs 1,396.20/kg.
This marks the second consecutive session of price increase for copper.
The rise is attributed to a firm international market trend and optimism about demand.
International copper futures on LME and Comex also saw gains.
Analysts are monitoring global manufacturing and supply trends for future price direction.

New Delhi, Aug 28 (PTI) Copper prices traded marginally higher by Rs 1.85 to Rs 1,396.20 per kilogram in futures trade on Friday amid a firm trend in the international market.

Rising for the second straight session, the red metal futures for the September delivery increased by Rs 1.85, or 0.13 per cent, to Rs 1,396.20 per kilogram on the Multi Commodity Exchange.

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 at the London Metal Exchange (LME) rose USD 79.82, or 0.56 per cent, to USD 14,365 per tonne.

Similarly, Comex copper futures for the October delivery rose 0.19 per cent to trade at USD 6.63 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.

Source: PTI By Rediff Money Desk, New Delhi

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