Copper prices fell by over one per cent to Rs 406.75 per kg in futures trade today as speculators indulged in off-loading their positions on the back of a weakening trend at the London Metal Exchange.
Also, subdued demand for the metal in domestic markets kept pressure on the copper futures here.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 4.35, or 1.06% to Rs 406.75 per kg, with a business turnover of 4,062 lots.
It had ended 0.23% lower at Rs 411.10 per kg in the previous session.
Similarly, the metal for delivery in August declined by Rs 5.95, or 1.05% to Rs 412.70 per kg, with a business volume of 305 lots.
Market analysts said a weakening trend at the London Metal Exchange, where copper fell by nearly one per cent in early trade today on stronger dollar as well as worries over the euro zone debt crisis, mainly kept pressure on the metal prices at futures trade.
