Copper futures fall on low demand

Copper futures fell 0.63 per cent to Rs 452.60 per kg in the futures trade on Friday after speculators trimmed positions in tune with a weak trend in global markets. On the Multi Commodity Exchange, copper for delivery in September fell Rs 2.85, or 0.63 per cent, to Rs 452.60 per kg in a business turnover of 1,438 lots.

The metal prices shredded 0.59 per cent to USD 262.65 on the New York-based COMEX. Traders said off-loading of positions by speculators amid weak global trend led to fall in copper prices at the futures trade.