NEW DELHI: Tracking a weak global trend, copper prices fell by Rs 3.70, or 0.90 per cent, to Rs 406 per kg in futures trade today as speculators offloaded positions.
At the Multi Commodity Exchange, copper for delivery in August fell Rs 3.70, or 0.21 per cent, to Rs 406 per kg in business turnover of 256 lots.
The metal for delivery in June traded lower by Rs 3.50, or 0.86 per cent, to Rs 402 per kg in 3,57 lots.
Analysts attributed the fall in copper futures to weak global cues on speculation that China will continue to curb its property market, reducing demand from the world's biggest consumer.
Meanwhile, copper fell 0.60 per cent to USD 7,260 a tonne on the London Metal Exchange.
