Copper prices declined by 0.25 per cent to Rs 314.80 per kg in futures trade today as participants indulged in trimming positions, tracking a weak trend in base metals overseas.
Besides, low spot demand from consuming industries fuelled the downtrend.
At the Multi Commodity Exchange, copper for delivery in far-month April fell by 80 paise, or 0.25 per cent to Rs 314.80 per kg in a business turnover of 70 lots.
Similarly, the metal for delivery in current month contracts traded lower by 75 or 0.24 per cent to Rs 310.20 per kg in 1,683 lots.
Analysts attributed the fall in copper futures to weak trend in global markets after industrial metals retreated amid concerns that excessive credit growth was increasing risks in China, the biggest consumer of raw materials.
