Copper succumbed to profit booking by speculators amid weak trend overseas and traded 0.47 per cent down at Rs 426.40 per kg in futures trade today.
At the Multi Commodity Exchange counter, copper for delivery in February traded Rs 2, or 0.47 per cent down, at Rs 426.40 per kg, with a business turnover of two lots. It ended 1.37 per cent higher, at Rs 428.40 per kg after hitting contract high of Rs 428.95 in yesterday's trade.
The metal for delivery in April also moved down by Rs 1.90, or 0.44 per cent, to Rs 428.70 per kg, with a business turnover of three lots.
Market analysts said profit booking by speculators at record levels, driven by weak trend at the London Metal Exchange (LME), led to the decline in copper futures prices but supply disruption in Chile capped the losses.
Meanwhile, copper for three-month delivery fell 0.25 per cent to $9,342 a tonne on the LME.