Copper futures prices declined by Rs 1.25 to Rs 426.55 per kg trade today as speculators reduced their positions, driven by a weak global trend.
Trading sentiments turned bearish as copper in London dropped as manufacturing in China, the world's largest user, shrank to the lowest level since February 2009.
At the Multi Commodity Exchange, copper for delivery in November declined by Rs 1.25, or 0.29%, to Rs 426.55, with a business turnover of 430 lots.
Likewise, the metal for delivery in August contract shed Rs 1.15, or 0.27%, to Rs 420.80, with a trade volume of 8,202 lots.
Market analysts said beside weak trend in base metals on the London Metal Exchange (LME), reduced offtake by alloy makers mainly pulled down copper futures prices.
Meanwhile, copper for three-month lost 0.9% to $9,345 a tonne on the LME.
