Copper prices drifted lower by 0.20 per cent to Rs 457.25 per kg in futures trade Monday as participants indulged in reducing positions amid a weak trend in base metals overseas.
Besides, muted demand from consuming industries in spot market weighed on copper futures prices.
At the Multi Commodity Exchange, copper for delivery in November shed 90 paise, or 0.20 per cent, to Rs 457.25 per kg, in a business turnover of 609 lots.
On similar lines, the metal for delivery in far-month February fell by 70 paise, or 0.15 per cent, to Rs 463 per kg in 14 lots.
Analysts said apart form slackened demand at the domestic spot market, a weak trend in the base metals at the London Metal Exchange (LME) as buying was decreased by holidays in China and Japan, led to the decline in copper prices at futures trade.
Meanwhile, at the LME, copper for delivery in three-month retreated 1 per cent to USD 6,303 per tonne, after prices surged by 4.6 per cent in the previous session to USD 6,382.50 a tonne, the highest since July 10.
The Shanghai Futures Exchange was closed for its mid-Autumn holiday.