The prices of copper for the February contract traded Rs 1.05, or 0.25 per cent down at Rs 414.95 per kg, with a trade volume of 5,540 lots at the Multi Commodity Exchange (MCX) since the traders offloaded their holdings tracking the decline in the trend in the overseas markets.
The metal for the April contract also fell by Re one, or 0.24 per cent to Rs 417.10 per kg, with a business turnover of 630 lots at the MCX and ended 0.60 per cent higher at Rs 398.35 per kg in the last session.
There was a decline in the trend at the London Metal Exchange (LME) where the copper fell by 0.9 per cent which also influenced the prices of the metal.
Moreover, the LME Index of prices for the 6 industrial metals which include copper and aluminium retreated 0.9 per cent yesterday in the midst of concerns over Europe's debt problems and China's monetary tightening
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal, with very high thermal and electrical conductivity.
Pure copper is rather soft and malleable, and a freshly exposed surface has a pinkish or peachy color.
It is used as a thermal conductor, an electrical conductor, a building material, and a constituent of various metal alloys.