Copper, ‘gold standard’ for some appliances, surges to Rs 1,300/kg

Copper prices have surged to record highs, impacting the cost of household products like air conditioners, bathware, and kitchen utensils. Companies in the durables, cookware, and bathware sectors are planning price increases of 5-8% to offset rising commodity costs. This surge is attributed to factors including declining interest rates, a weaker dollar, and improved economic growth expectations for China.