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Copper prices fell by 0.59% to Rs 416.30 per kg in futures trade today as speculators booking-profits on sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 2.45, or 0.59%, to Rs 416.30 per kg in a business turnover of 2,268 lots.
Similarly, the metal for delivery in April declined by Rs 1.75, or 0.42%, to Rs 414.15 per kg in 6,435 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators due to sluggish demand from consuming industries in the spot market.
