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Copper prices fell by 0.4% to Rs 434.50 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend on China growth concern.
At the Multi Commodity Exchange, copper for delivery in far-month November fell by Rs 1.65, or 0.38%, to Rs 434.50 per kg in business turnover of 418 lots.
In a similar fashion, the metal for delivery in August declined by Rs 1.55, or 0.36%, to Rs 426.65 per kg in 4,078 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 amid speculation that slowing growth in China, the biggest user, will dampen demand.
Meanwhile, copper for delivery in three months retreated as much as 0.8% to $6,950 a tonne on the London Metal Exchange.
