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Copper futures fell by 0.55% to Rs 443.85 per kg today as speculators trimmed positions amid a weak trend in the global markets on speculation the US Federal Reserve may start trimming its stimulus.
At the Multi Commodity Exchange, copper for delivery in far-month February declined by Rs 2.45, or 0.55%, to Rs 443.85 per kg in business turnover of 1,214 lots.
Similarly, the metal for delivery in April fell by Rs 2.15, or 0.48%, to Rs 450 per kg in 46 lots.
Analysts attributed the decline to a weak trend at the London Metal Exchange (LME) as signs of improvement in the US economy fuelled speculation the Federal Reserve may start trimming its stimulus sooner than expected.
Globally, copper for delivery in three-months traded 0.5% lower at $7,088 per tonne at the London Metal Exchange.
