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Amid a weak trend overseas and profit-booking by speculators, copper prices fell by 0.86% to Rs 478.50 per kg in futures trade today.
At the Multi Commodity Exchange, copper for delivery in February month fell by Rs 4.15, or 0.86%, to Rs 478.50 per kg in business turnover of 64 lots.
Similarly, the metal for delivery in November traded lower by Rs 4, or 0.84%, to Rs 469.40 per kg in 2,640 lots.
Analysts attributed the fall in copper futures to a weak global trend on concerns that the US Federal Reserve may curtail stimulus, reducing demand for the metal.
Besides, profit-booking by speculators after recent gain also weighed on copper prices, they said.
Meanwhile, copper fell 0.60% to trade at 7,150 dollar a tonne on the London Metal Exchange, while at the Shanghai Futures Exchange, the metal for delivery in December declined 0.9% to 51,800 yuan ($8,465) a tonne.
