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Copper prices moved down by 0.39% to Rs 459.45 per kg in futures trade today as speculators offloaded their positions taking negative cues from overseas markets.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 1.80, or 0.39%, to Rs 459.45 per kg in a business turnover of 6,758 lots.
Similarly, the metal for delivery in April traded lower by Rs 1.75, or 0.38%, to Rs 464.10 per kg in 188 lots.
Market analysts attributed the fall in copper futures to a weak global trend on speculation that demand in China, the world's biggest consumer, will slowdown ahead of the Lunar New Year holidays.
Meanwhile, copper for delivery in three months lost 0.3% to $7,313.75 a tonne at the London Metal Exchange.
