Copper prices fell by 0.88% in futures trade today as speculators offloaded positions after it slipped to over three-week low at the London Metal Exchange.
At the Multi Commodity Exchange, copper for delivery in February fell by Rs 3.65, or 0.88%, to Rs 411.85 per kg, with a turnover of 2,626 lots.
April copper declined by Rs 3.45, or 0.82%, to Rs 418.25 per kg in 357 lots.
Analysts attributed the fall in copper futures prices to a weakening global trend after a decision on a second bailout for Greece was postponed.
Meanwhile, copper for three-month delivery fell by 1.30% to over three-week low of $8,265 per tonne on the London Metal Exchange in early trade today.
