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Commodity News Details
Copper nears Rs 1100 per kg on MCX
11-Dec-2025 17:23
COMEX Copper futures are witnessing some gains but overall mood remains cautious for the metal as prices approach near recent four-month highs yet again. Copper rose yesterday and is currently up 0.85% at $5.39 per pound amid firm undertone in metals after the Federal Reserve cut interest rates by another quarter point, following the rate cuts seen in September and October. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.50 to 3.75 percent. This weighed on the US dollar index while equities were mixed, falling in Asia and rising in Europe. MCX Copper is nearing Rs 1100 per kg mark and currently trades at Rs 1097.40 per kg, up 1% on the day.

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