Copper Price Prediction for Monday, 10 August 2026: MCX Copper Holds Rs 1,376.70 Near Flat as China Demand Sustains and Precious Metals Safe-Haven Surge Overshadows Base Metals

The copper price prediction for Monday on Monday 10 August 2026 is shaped by Friday's session where Nifty 50 closed at 24,570.65 (down 65 points, -0.27%), Sensex fell 455 points to 78,499.17 and Bank Nifty lost 317 points to 57,746.45. The session's defining paradox: SBI Q1 FY27 beat strongly (PAT +10.23%, NIM recovered to exactly 3 percent, GNPA at a two-decade low of 1.47 percent) but Bajaj Finance crashed 5.84 percent and ICICI Bank fell 2.5 percent, dragging the financial sector. The top performers were Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent led by TCS +3.36 percent) and MCX Gold (+1.40 percent) and MCX Silver (+3.19 percent). The primary catalyst for the copper price prediction for Monday is the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine Monday's opening gap direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete copper price prediction for Monday.

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Friday's Data Behind the copper price prediction for Monday

Indicator	Friday 7 Aug Close (Groww Confirmed)	Change
Nifty 50	24,570.65	-65.35 pts (-0.27%)
Sensex	78,499.17	-455.59 pts (-0.58%)
Bank Nifty	57,746.45	-317.20 pts (-0.55%)
Nifty Auto	29,646.95	+1.83%; top sectoral gainer
Nifty IT	31,547.70	+1.42%; TCS +3.36%, HCL +1.62%, Infosys +0.87%
Nifty PSU Bank	8,786.20	+0.65%; SBI +1.12% on Q1 FY27 beat
Nifty Metal	13,189.85	+0.50%; Hindustan Zinc +2.20%
Nifty Private Bank	27,392.35	-1.04%; ICICI -2.50%, Axis -1.43%
SBI Q1 FY27	Rs 1,097.20 (+1.12%)	PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low). High: Rs 1,124.5
Bajaj Finance	Rs 1,078 (-5.84%)	Biggest Nifty 50 loser; dragged Fin Services sector
MCX Gold (Aug Fut)	Rs 1,49,703/10g (+1.40%)	Strong surge; safe-haven demand
MCX Silver (Mini Aug)	Rs 2,34,741/kg (+3.19%)	Outperformed gold; industrial + safe-haven combined
MCX Crude Oil (Aug)	Rs 7,356/bbl (-0.28%)	Slight dip; Iran deal uncertainty continues
India VIX	12.16	Unchanged from previous close
US NFP (July 2026)	Released 6 PM IST today	Primary weekend catalyst for Monday gap direction

SBI Q1 FY27 and Bajaj Finance: Two Opposite Forces Behind the copper price prediction for Monday

Friday's session presented two contradictory catalysts for the copper price prediction for Monday. SBI delivered its strongest quarterly result in recent memory: PAT up 10.23 percent to Rs 21,121 crore, NIM recovered to exactly 3 percent from Q4 FY26's 2.93 percent and GNPA fell to 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday before closing at Rs 1,097.20 (+1.12 percent). Simultaneously, Bajaj Finance crashed 5.84 percent to Rs 1,078, the biggest Nifty 50 loser, dragging the financial services sector. Ankit Jaiswal notes that the copper price prediction for Monday is shaped by which of these two forces dominates on Monday: SBI's confirmed earnings strength or Bajaj Finance's Q1 result-related concerns spilling into the broader NBFC sector.

Technical Levels for the copper price prediction for Monday

Level Type	Zone
Immediate Support	Rs 1,362-1,370
Key Support	Rs 1,345-1,352
Immediate Resistance	Rs 1,388-1,395
Key Resistance	Rs 1,405-1,415

Kunal Singla observes that India VIX closed Friday at 12.16, unchanged from Thursday's close. Stable VIX at 12-13 despite the broader market fall is structurally positive for the copper price prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The copper price prediction for Monday's support at Rs 1,362-1,370 is the immediate floor heading into Monday.

US NFP: The copper price prediction for Monday Primary Weekend Variable

US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A healthy NFP (175,000-230,000 range) supports a Monday gap-up in this outlook as Dow Jones rises and FII risk-on flows return to India on Monday morning. A weak NFP below 130,000 raises US recession concerns and creates a Monday gap-down in this outlook. Ankit Jaiswal recommends checking GIFT Nifty at 9 AM Monday before making any copper price prediction for Monday position decisions.

Key Factors for the copper price prediction for Monday

• MCX Copper ending near flat at Rs 1,376.70 (+0.05 percent) on Friday while gold surged 1.40 percent and silver 3.19 percent confirms that Friday's metals move was safe-haven driven rather than industrial base metals driven. The copper price prediction for Monday's story is separate from precious metals.
• Nifty Metal gaining 0.50 percent on Friday despite mixed base metals is positive breadth for the copper price prediction for Monday. Hindustan Zinc's 2.20 percent gain led the Nifty Metal index, providing sector confidence.
• US NFP at 6 PM IST today is the copper price prediction for Monday's primary industrial demand signal. Strong NFP above 175,000 confirms US construction and manufacturing activity is healthy, supporting copper demand in this outlook.
• China's August construction restart (post-monsoon) pre-positioning historically lifts copper demand 8-12 percent month-on-month in September, providing structural support for the copper price prediction for Monday that is independent of NFP.

Stocks to Watch for the copper price prediction for Monday

Univest analysts flag the following stocks for educational observation in this outlook on Monday. These are not buy or sell recommendations.

Hindalco: CMP Rs 755 est.. Ankit Jaiswal flags entry Rs 748-753, target Rs 778, SL Rs 732. Hindalco is India's largest copper manufacturer with direct MCX Copper price sensitivity in this outlook.

Hindustan Zinc: CMP Rs 603 (+2.20% Fri). Kunal Singla flags entry Rs 596-601, target Rs 622, SL Rs 584. Hindustan Zinc participates in the broader base metals complex alongside copper in this outlook.

Tata Steel: CMP Rs 187.55 (-0.92% Fri). Ankit Jaiswal flags entry Rs 185-187, target Rs 194, SL Rs 180. Tata Steel participates in the broader industrial metals complex that tracks the copper price prediction for Monday with a stabilisation setup after Friday's mild decline.

Screen All Stocks for the copper price prediction for Monday on Univest

Trading Strategy for the copper price prediction for Monday

1. Rs 1,362-1,370 is the buy-on-dip zone for the copper price prediction for Monday. Ankit Jaiswal recommends accumulating on any Monday morning weakness.
2. Rs 1,388-1,395 is the first resistance in this outlook. Kunal Singla recommends booking half positions here.
3. Monitor Nifty Metal opening Monday: Nifty Metal above 13,200 confirms Hindustan Zinc and base metals continuation that supports the copper price prediction for Monday.
4. Strong NFP supporting US construction spending would be the copper price prediction for Monday's strongest bull catalyst for the week ahead.

Risks to the copper price prediction for Monday

• Weak NFP raising US recession concerns and reducing industrial metals demand expectations in this outlook.
• Dollar strengthening from any NFP surprise compressing COMEX Copper in this outlook.
• Bajaj Finance crash spreading to broader NBFC credit tightening reducing construction credit and indirectly reducing copper demand in this outlook.

Conclusion

The copper price prediction for Monday on Monday 10 August 2026 is built on Friday's close of Rs 1,376.70 per kg (MCX Copper Aug Fut) (+Rs 0.70 (+0.05%)), from a session where Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent) and MCX precious metals (Gold +1.40 percent, Silver +3.19 percent) were the week's bright spots while Bajaj Finance (-5.84 percent) and ICICI Bank (-2.5 percent) created financial sector drag. Ankit Jaiswal of Univest identifies Rs 1,388-1,395 as the primary resistance and Rs 1,362-1,370 as the critical support for the copper price prediction for Monday. The US NFP at 6 PM IST today is the primary variable: monitor GIFT Nifty Sunday evening and at 9 AM Monday before positioning for the copper price prediction for Monday.

Kunal Singla of Univest notes that the copper price prediction for Monday has a dual structure for Monday: the recovery case (IT and Auto momentum continues, SBI Q1 beat sustains, NFP healthy) and the continuation decline case (Bajaj Finance concerns spread to NBFCs, private banks extend selling, weak NFP). The copper price prediction for Monday's support zone at Rs 1,362-1,370 is the line between these two scenarios on Monday.

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FAQs on Copper Price Prediction For Monday, 10 August 2026

What is the copper price prediction for Monday, 10 August 2026?

Ans. The copper price prediction for Monday is neutral to slightly positive. MCX Copper closed Friday at Rs 1,376.70 per kg, near flat (+0.05 percent), as safe-haven buying dominated precious metals while base metals were range-bound. Support is Rs 1,362-1,370 and resistance is Rs 1,388-1,395 in this outlook.

Which analysts prepared the copper price prediction for Monday?

Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the copper price prediction for Monday using Groww-confirmed MCX Copper data of Rs 1,376.70 per kg.

How does US NFP affect the copper price prediction for Monday?

Ans. A healthy NFP above 175,000 confirms US industrial and construction activity, supporting copper demand in this outlook. Weak NFP raises recession concerns that would pressure the copper price prediction for Monday.

What is MCX Copper support and resistance for the copper price prediction for Monday?

Ans. Support is Rs 1,362-1,370 and Rs 1,345-1,352. Resistance is Rs 1,388-1,395 and Rs 1,405-1,415 in this outlook.

Why did copper underperform gold and silver on Friday in the copper price prediction for Monday context?

Ans. Friday's metals rally was safe-haven driven from equity market weakness (Bajaj Finance -5.84%, Nifty -0.27%). Gold and silver are classic safe-haven assets while copper is purely industrial, so copper moved near flat (+0.05 percent) versus gold +1.40 percent and silver +3.19 percent in this outlook context.