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Copper prices fell by 0.44% to Rs 431.60 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange (MCX), copper for delivery in November fell by Rs 1.85, or 0.44%, to Rs 431.60 per kg in business turnover of 258 lots.
Similarly, the metal for delivery in August declined by Rs 1.75, or 0.41%, to Rs 431.60 per kg in 3,841 lots.
Market analysts said, the fall in copper prices at futures trade was due to off-loading of positions by speculators, taking weak cues from global market on concern that global supply will exceed demand as mine output increases and economic growth slows in China.
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Meanwhile, copper for delivery in three months fell 0.6% to $6,957.75 a tonne on the London Metal Exchange.
