Copper futures prices fell by 0.40% today after speculators reduced their positions in line with weakening trend at the London Metal Exchange (LME).
Also, subdued demand at spot markets also weighed in on the metal prices.
At the Multi Commodity Exchange, the April delivery eased by Rs 1.70, or 0.40%, to Rs 419.80 per kg, with a business volume of 6,218 lots.
The June delivery shed Rs 1.45, or 0.34%, to Rs 425.40 per kg, with a trade volume of 599 lots.
Market analysts attributed weakness in copper futures to off-loading of positions by speculators following weakness in metal at the LME after China's economy grew by less than expected, raising concerns about demand from the largest user.
Meanwhile, at the LME, three-month-delivery copper lost 0.9% to $8,143 a tonne.
