1 Kg Copper Price Today in India: Market Insights

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Today, the 1 kg copper price in India has increased by 1.91%, reaching ₹836.45. This rise is attributed to recent economic easing measures announced by China, aimed at bolstering growth and enhancing global copper demand.

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The People’s Bank of China (PBOC) plans to cut the reserve requirement ratio by 50 basis points and lower key lending rates.

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Additionally, copper inventories at the Shanghai Futures Exchange have decreased by 11.1%, indicating tightening supply conditions.

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China’s refined copper production increased by 0.9% year-on-year, reaching 1.12 million metric tons. However, unwrought copper imports fell to a 16-month low of 415,000 metric tons, down 12.3% from last year.

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On the technical side, fresh buying interest is evident, with open interest up by 8.94%. The current support for copper prices stands at ₹829.6, while resistance is note at ₹840.3.

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For the most reliable updates on 1 kg copper price in India, make sure to visit Shree Metal Prices daily for current market trends and future forecasts.

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