Taking cues from the weak global markets on demand concerns, copper fell marginally by 0.58% in futures trade today as speculators off-loaded their positions.
Subdued demand for the metals at the domestic spot markets also weighed down on copper futures prices here.
At the Multi Commodity Exchange, copper for delivery in June declined by Rs 2.35, or 0.58%, to Rs 402.10 per kg, with a business turnover of 4,687 lots.
Similarly, the metal for delivery in August lost Rs 2.20, or 0.55%, to Rs 407.30 per kg, with an open interest of 590 lots.
Market analysts said a subdued trend in copper and other base metals at the London Metal Exchange (LME) after the Federal Reserve lowered its growth forecast for the US, raising concern about weaker metals demand, mainly put pressure on copper prices in futures trade here.
Meanwhile, copper for three-month delivery fell by 0.5% to $8,971 a tonne at the LME.
