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Copper futures traded 0.57% lower at Rs 340.25 per kg today on speculators reducing their positions amid weak global cues.
At Multi Commodity Exchange, copper for delivery in August fell Rs 1.95, or 0.57%, to Rs 340.25 per kg, in a business turnover of 255 lots.
Similarly, the metal for delivery in November was down Rs 1.80, or 0-.52% at Rs 346.80 per kg in 349 lots.
Analysts attributed the fall in copper futures to weak cues from Asian region as investors assessed weekend comments from top central bankers on inflation, and awaited China manufacturing data due Tuesday.
Meanwhile, copper fell 0.3% on the Shanghai Futures Exchange, after advancing to the highest close in more than two weeks on Friday. The metal for delivery in December contracts on Comex dropped 1% to $2.32 a pound.
The London Metal Exchange is closed for publi holiday in the UK.
