On 3rd May 2011, at the Multi Commodity Exchange, the prices of copper for the June month contracts increased by almost 0.12 per cent to reach Rs. 417.50 per kg. The total traded quantity of the commodity stood at 38,289 lots representing Rs. 1600.77 crore in value terms.
Similarly, the prices of the commodity for the August month contracts increased by approximately 0.14 per cent to reach Rs. 422.95 per kg. The total traded quantity of the commodity for the August month contract stood at 2,642 lots representing Rs. 111.89 crore in value terms. The increase in the demand of the metal in the spot market was the primary reason behind the rise in its prices.