BS reported that tracking a weak Asian trend, copper prices fell by 0.28% to INR 406.70 per kilogram in futures trade as speculators offloaded their positions.

At the Multi Commodity Exchange, the June contract fell INR 1.15 or 0.28%, to INR 406.70 per kilogram in 1,845 lots. The August contract fell by a similar margin to INR 412 per kilogram in 166 lots.

Analysts attributed the fall in copper futures to weak Asian cues on speculation that Chinese leaders' tolerance for a slower growth rate will curb demand growth at the largest user.

Meanwhile, copper for delivery in September fell as much as 1.3% to CNY 52,230 per tonne on the Shanghai Futures Exchange while the London Metal Exchange is closed for a public holiday.