Amid a weak trend overseas and sluggish spot demand, copper prices fell by 1.19 per cent in futures trade on Wednesday as speculators off-loaded their positions.
At the Multi Commodity Exchange, copper for delivery in June fell by Rs 4.90, or 1.19 per cent to Rs 406.60 per kg, with a business turnover of 21,399 lots. It had ended 0.50 per cent lower at Rs 411.50 per kg in the previous session.
The metal for delivery in August lost Rs 4.75, or 1.14 per cent to Rs 412.05 per kg, with a business volume of 1,733 lots.
Market analysts said a weakening trend at the London Metal Exchange, where metal fell by one per cent as the recovery in dollar reduced appeal for commodities, mainly kept pressure on the copper futures here.
In addition, sluggish demand at the domestic spot markets also weighed on the prices, they added.