Copper futures decline on weak demand

New Delhi, Jan 29 (PTI) Copper futures on Wednesday fell 0.38 per cent to Rs 823.85 per kilogram as participants reduced their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for February delivery eased by Rs 3.15 or 0.38 per cent to Rs 823.85 per kg in a business turnover of 6,552 lots.

Analysts said trimming of positions by speculators amid muted demand in the spot market mainly dragged down copper prices in the futures trade.