Copper futures decline on soft demand

Copper traded 0.29 per cent lower at Rs 440.30 per kg in futures trade on Wednesday as speculators reduced their exposure amid weak demand.

On the Multi Commodity Exchange, copper contracts for September delivery fell by Rs 1.30, or 0.29 per cent, to Rs 440.30 per kg in a business turnover of 1,235 lots.

Similarly, copper contracts for October delivery traded lower by Rs 1.05, or 0.23 per cent, at Rs 445.80 per kg in a business turnover of 2,822 lots.

In the international market, copper was quoting 0.03 per cent higher at USD 5,780 per tonne in New York.