Copper futures shed 0.64% on muted demand

Copper futures fell 0.64 per cent to Rs 412 per kg today as speculators booked profits at prevailing high levels amid low demand at spot markets.
At the Multi Commodity Exchange, copper for delivery in far-month November declined by Rs 2.65, or 0.64 per cent to Rs 412 per kg in a business turnover of 44 lots.
The metal for delivery in August month shed Rs 2.30 or 0.56 per cent to Rs 405.70 per kg in a business volume of 832 lots.
Analysts attributed the fall to offloading of positions by speculators at prevailing higher levels coupled with subdued spot demand.