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Tracking a weak global trend and subdued domestic demand, copper prices fell by 0.30% to Rs 403.40 per kg in futures trade today as speculators reduced positions.
At the Multi Commodity Exchange, copper for delivery in this month fell Rs 1.20, or 0.30%, to Rs 403.40 per kg in business turnover of 2,077 lots.
The metal for delivery in August also fell by Rs 1.05, or 0.26%, to Rs 407.10 per kg in 75 lots.
Analysts attributed the fall in copper futures to weak global cues on concern that a probe into financing transactions at China's Qingdao Port will curb demand for the metal.
Meanwhile, copper for delivery in three months traded little changed at USD 6,774 a tonne on the London Metal Exchange and at Shanghai Futures Exchange it traded at 48,250 yuan (USD 7,722) per tonne.
