Copper prices declined by 0.08 per cent to Rs 471.60 per kg in futures trade today as speculators reduced their positions amid weak trend overseas.
At the Multi Commodity Exchange, copper for delivery in June declined by 40 paise, or 0.08 per cent to Rs 471.60 per kg in business turnover of 484 lots.
Similarly, the metal for delivery in far-month August shed 35 paise, or 0.07 per cent to Rs 476.55 per kg in 8 lots.
Analysts attributed the fall in copper prices at futures trade to a weak overseas trend where the metal edged lower, pulling back from the previous session's nearly one-month peak, after U.S. President Donald Trump said he was not pleased with recent trade talks between the United States and China.
Globally, copper for delivery in three-month was down 0.5 per cent at USD 6,944 a tonne on the London Metal Exchange, after peaking at USD 6,999 on Tuesday, its loftiest since April 26.
Disclaimer: No Business Standard Journalist was involved in creation of this content
