Copper futures prices today fell 0.40% to Rs 408 per kg, as speculators trimmed their positions amid a weak trend in the global markets.
At the Multi Commodity Exchange, copper for delivery in June declined by Rs 1.65, or 0.40%, to Rs 408 per kg in business turnover of 57 lots.
The metal for delivery in April fell by Rs 1.55, or 0.38%, to Rs 404.95 per kg in a business volume of 1,387 lots.
Also Read
Analysts said speculation that demand for metals will fall as the US Federal Reserve signalled a faster timetable for raising rates and China's growth faltered, putting pressure on copper prices at futures trade here.
Globally, copper for delivery in three-months traded one% lower at $6,485.25 per tonne on the London Metal Exchange. It touched USD 6,321 yesterday, the lowest level since July 2010.