NEW DELHI, July 9: Copper prices moved down by 0.23 per cent to Rs 439.60 per kg in futures trade today as speculators reduced positions amid subdued demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in far-month November shed Re 1, or 0.23 per cent, to Rs 439.60 per kg in a business turnover of 10 lots.
Likewise, the metal for delivery in August traded lower by 75 paise, or 0.17 per cent, to Rs 433.70 per kg in 795 lots.
Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators on a weak trend at spot market.
Meanwhile, copper for delivery in three months was little changed at USD 7,130 a metric tonne at the London Metal Exchange. (PTI)
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