Continuing its yesterday's slide, copper futures prices fell by Rs 1.80, or 0.57 per cent to Rs 316.65 per kg today, as traders reduced their positions amid weak cues from overseas markets.
At the Multi Commodity Exchange, copper for delivery in June contract drifted by Rs 1.80, or 0.57 per cent to Rs 316.65 per kg, with a turnover of 23,554 lots. It ended 1.2 per cent 0.90 per cent lower at Rs 318.45 per kg in the previous session.
The metal for delivery in August also edged lower by Rs 1.55, or 0.48 per cent to Rs 318.65 per kg, with a turnover of 2,548 lots.
Market analysts attributed the fall in copper futures to weak trend at the London Metal Exchange on worries over Europe's $1 trillion emergency rescue plan.
Meanwhile, three-month copper was trading 0.47 per cent down at $7,003.25 per tonne at the London Metal Exchange in early trade today.
