【Jaipur, Indi】Not Silver or Gold, Investors Are Now Flocking to This ‘Red Gold’, Prices Surge 40% in Just Two Months

The sharp rise in copper prices, from local markets in Jaipur to the Multi Commodity Exchange, has surprised even the biggest players.

While the Indian commodity market is currently abuzz with talk of record-breaking gains in gold and silver, there is one metal that is quietly soaring and enriching buyers amidst this noise: copper, or ‘Red Gold’. The sharp rise in copper prices, from local markets in Jaipur to the Multi Commodity Exchange, has surprised even the biggest players.

Looking back, at the beginning of November-December 2025, copper prices were hovering in the range of ₹850 to ₹900 per kilogram. However, the game has completely changed within just two months. Copper prices are now trading close to ₹1250 to ₹1300 per kilogram, although occasional minor declines are also being recorded. This means that in just 60 days, investors have seen a direct profit of ₹300 to ₹400 per kilogram, which is close to forty percent.

He explained that there are three main reasons behind its rising prices: a massive supply shortage, a global market crunch due to halted production in major copper mines like those in Chile and Indonesia, and rampant use of copper in electric vehicles and solar power plants. Additionally, a sudden surge in demand for copper wires and components in industrial sectors has increased premiums at the local level as well.

There is talk in Jaipur’s markets that traders and investors who bet on copper two months ago are now sitting on huge profits. Copper has quietly given better returns than even silver to those desiring a shine. Experts say that amidst the ongoing race between gold and silver, the red metal could continue to deliver good returns in the future. The biggest and best part is that it is within the reach of the common person. According to market analysts, copper could even see levels of ₹1,350 to ₹1,400 in the coming weeks.