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Copper prices fell by 0.64% to Rs 385.25 per kg in futures trade today on speculators reducing their positions amidst weak global cues.
At the Multi Commodity Exchange, copper for delivery in April fell by Rs 2.50, or 0.64%, to Rs 385.25 per kg in a business turnover of 1110 lots.
Similarly, the metal for delivery in June was down by Rs 2.30, or 0.59%, to Rs 390.05 per kg in 8 lots.
Analysts said subdued demand in the spot markets put pressure on the prices of the metal.
Meanwhile, copper for delivery in three months dropped 0.5% to $6,114 per tonne at the London Metal Exchange, while in Shanghai, metal for delivery in May fell 0.5% to 43,650 yuan ($7,032) per tonne.
