NEW DELHI: Copper prices declined by Rs 1.75 to Rs 424.60 per kg in futures trade today as speculators booked profits, driven by a fall in demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in February declined by Rs 1.75, or 0.41 per cent to Rs 424.60 per kg in business turnover of 9946 lots.
In a similar fashion, the metal for delivery in April contract traded lower by Rs 1.65, or 0.38 per cent to Rs 431.10 per kg in 4377 lots.
Market analysts said besides profit-booking by speculators, fall in demand in the spot market mainly influenced copper prices at futures trade.
