Tracking a weakening global trend, copper prices declined by Rs 1.55 to Rs 427.10 per kg in futures trade today as speculators offloaded their positions.
Trading sentiment turned bearish after copper declined in global markets on concern that global economic growth is slowing, reducing demand prospects for industrial metals.
At the Multi Commodity Exchange, copper for delivery in April declined by Rs 1.55, or 0.35%, to Rs 427.10 per kg, with a business turnover of 6,930 lots.
June copper lost Rs 1.45, or 0.33%, to Rs 431.65 per kg, with a business turnover of 375 lots.
Market analysts attributed the fall in copper futures to a weakening global trend and sluggish domestic demand here.
Meanwhile, copper for delivery in three months fell 0.8% to $8,435.75 a tonne on the London Metal Exchange.
