Yesterday, the prices of copper for the November contract fell by Rs 3.20, or 0.75% to Rs 425.35 per kg, with a business turnover of 29 lots at the Multi Commodity Exchange (MCX) due to the losses at the London Metal Exchange. It had ended 0.38% higher at Rs 417.35 per kg in the previous session.
The metal for the June contract also eased by Rs 2.85, or 414.50% to Rs 414.50 per kg, with a business volume of 14,508 lots at the MCX.
The copper for three-month delivery at the LME fell by 0.4% to $9,181 a metric tonne in early trade.
Moreover, the decline in the demand for the metal in the local markets also influenced the prices.