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Tracking a weak global trend, copper prices fell by 0.86% to Rs 449.65 per kg in futures trade today as speculators offloaded their positions.
Sentiment turned bearish as copper declined in overseas markets, after a US agreement to reopen the government and raise the debt limit, as investors focused on supply and demand.
At the Multi Commodity Exchange, copper for delivery in November fell by 3.90, or 0.86%, to Rs 449.65 per kg in business turnover of 3,797 lots.
The metal for delivery in far-month February traded lower by the same margin to Rs 459.70 per kg in 215 lots.
Analysts attributed the fall in copper futures to weak global trend after a US agreement to reopen the government and raise the debt limit, as investors focused on supply and demand.
Meanwhile, copper for delivery in three months fell 0.6% to $7,217.50 a metric tonne on the London Metal Exchange.
