Amid weak trend overseas, copper prices weakened by Rs 5.25 to Rs 370.60 per kg in futures trade today, as speculators indulged in booking profits at higher levels.
At the Multi Commodity Exchange counter, copper for November contract delivery declined by Rs 5.25, or 1.40 per cent, to Rs 370.60 per kg, with a business volume of 11,396. It ended 0.28 per cent down at Rs 375.85 per kg in the previous session.
Similarly, the metal for February delivery weakened by Rs 5.05, or 1.34 per cent, to Rs 372.15 per kg, with a business volume of 780 lots.
Meanwhile, three-month copper delivery was trading 0.97 per cent lower at USD 8,330 a tonne at the London Metal Exchange.
Analysts said speculators reducing their positions in tandem with a weak global trend, led to a decline in copper prices in futures trade here.
