NEW DELHI: Tracking a weak global trend, copper prices fell by Rs 2.30 to Rs 415.40 per kg in futures trading today as speculators offloaded their positions.
Also, subdued demand from consuming industries in the spot market further dampened the sentiment.
At the Multi Commodity Exchange, copper for delivery in August fell by Rs 2.30, or 0.55 per cent, to Rs 415.40 per kg, with a business turnover of 19,920 lots.
Similarly, the metal for delivery in November declined by Rs 2.20, or 0.52 per cent, to Rs 421.10 per kg in 1,849 lots.
Marketmen said speculators offloaded positions in tandem with a weak global trend which mainly led to a fall in copper futures.
Meanwhile, copper fell 0.3 per cent to USD 7,514.50 a tonne on the London Metal Exchange.
