Hot Commodities: Sudden Crash In Copper, MCX Futures Pare Around Rs 10 In Intraday Moves

24 Mar 2022 , 03:09 PM

Copper futures crashed on MCX in afternoon trades as the global prices saw an abrupt drop after recent surge. Highs around Rs 829 per kg failed to hold on for MCX March contract and the counter tumbled under Rs 820 per kg mark in last one year. The benchmark MCX April futures also came off a high of Rs 835 per kg and currently trade down 0.65% at Rs 826.40 per kg. COMEX Copper failed to sustain at a two week high around $4.82 per pound and currently trades down 0.46% at $4.75 per pound. Copper has dropped quite suddenly along with a moderation in WTI Crude even as the European equities witnessed muted gains in early moves.

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