Amid subdued demand at the domestic spot markets, copper prices fell 0.43 per cent to Rs 327.85 per kg in futures trade today as speculators cut down their positions even as it strengthened overseas.
At the Multi Commodity Exchange, copper for delivery in August declined by Rs 1.40, or 0.43 per cent, to Rs 327.85 per kg, in a business turnover of 1,395 lots.
On similar lines, the metal for delivery in far-month November shed Rs 1.40, or 0.42 per cent, to Rs 334.50 per kg in 21 lots.
Marketmen attributed the fall in copper prices at futures trade to a weak trend in base metals at the spot markets due to muted demand from consuming industries but metal's gain overseas, limited the losses.
Globally, copper for delivery in three months added 1 per cent to close at over two-week high of USD 4,896.50 per tonne on the London Metal Exchange yesterday.
