 "Copper declines by 0.7% on low demand")
Amid muted demand in the domestic spot markets, copper prices fell 0.66% to Rs 324.40 per kg in futures trade today as speculators cut down their positions.
However, a firm trend in the base metals pack at the London Metal Exchange (LME), capped the losses.
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At the Multi Commodity Exchange, copper for delivery in April eased by Rs 1.10, or 0.66%, to Rs 324.40 per kg, in a business turnover of 1,914 lots.
On similar lines, the metal for delivery in far-month June was trading down by Rs 2.10, or 0.63%, to Rs 329 per kg in 50 lots.
Marketmen attributed the fall in copper prices at futures trade to a low demand at the domestic markets from consuming industries but metal's strength at the LME after the US Federal Reserve Chair Janet Yellen signalled that a rate hike was not likely to come before June, restricted the losses.
Globally, copper used in pipes and wiring retreated 0.8% to $4,930 per tonne for delivery in three months at the LME.
