Amid a weak trend at the London Metal Exchange and profit-booking by speculators, copper prices declined by 0.38% to Rs 444.70 per kg in futures trade today.
At the Multi Commodity Exchange, copper for November delivery declined by Rs 1.70, or 0.38%, to Rs 444.70 per kg, with a business turnover of 769 lots.
Likewise, the metal for August delivery shed Rs 1.70, or 0.37%, to Rs 438.75 per, with an open interest of 13,632 lots.
Market analysts said a weakening trend on the London Metal Exchange (LME) and profit-taking by speculators mainly put pressure on the copper prices at futures trade.
Meanwhile, the copper for three-month delivery dropped 0.6% to $9,782 a tonne on the London Metal Exchange.
