Amid profit-booking by speculators and subdued domestic demand, copper prices fell 0.30 per cent to Rs 414.50 per kg in futures trade today even as metal strengthened overseas.
At the Multi Commodity Exchange, copper for delivery in November fell by Re 1, or 0.30 per cent, to Rs 414.50 per kg in business turnover of 560 lots.
Analysts attributed the fall in copper futures to profit-booking by speculators and subdued demand at domestic spot markets, but strength in base metals overseas after US new-home sales climbed to a six-year high, boosting the demand outlook in the second-biggest user, capped the fall.
Meanwhile, copper rose by 0.40 per cent to USD 6,738.50 per metric tonne at the London Metal Exchange.
