NEW DELHI, Dec 19: Copper prices declined by 0.27 per cent to Rs 445.40 per kg in futures trade amid a weak trend in the global markets and profit-booking by speculators today.
Besides, subdued domestic demand also weighed on the metal prices.
At the Multi Commodity Exchange, copper for delivery in February next year declined by Rs 1.20, or 0.27 per cent, to Rs 445.40 per kg in business turnover of 4,480 lots.
Similarly, the metal for delivery for the April fell by Rs 1.10, or 0.24 per cent, to Rs 449.75 per kg in 394 lots.
Market analysts attributed the decline in copper futures to weak global trend after inventories at the London Metal Exchange (LME) warehouses climbed to 300,500 tonnes, a nine-month high.
Meanwhile, copper for delivery in three months traded lower at USD 8,025.25 per tonne at the LME, while it fell 0.5 per cent to 57,600 yuan (USD 9,246) per tonne on the Shanghai Futures Exchange. (PTI)
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