Copper prices declined by 0.52 per cent to Rs 428.75 per kg in futures trade today in line with a weakening trend overseas amid sluggish domestic demand.
At Multi Commodity Exchange,copper for delivery in November declined by Rs 2.25,or 0.52 per cent,to Rs 428.75 per kg,with a business turnover of 18 lots.
Similarly,the metal for delivery in August traded lower by Rs 2,or 0.50 per cent,to Rs 424.75 per kg,with a business turnover of 11 lots.
Marketmen said besides sluggish domestic demand,a weak trend in overseas markets on speculation that US policy makers will not embark on a fresh round of stimulus,led to a fall in copper prices at futures trade.
Meanwhile,copper for three-month delivery slipped as much as one per cent to USD 7,565 a tonne on the London Metal Exchange,the cheapest since August 22.