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Copper futures fell over 1 per cent during evening trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal on strength in the US dollar and slow trading in Asian markets with the world's biggest industrial metals consumer, China shut for the week-long Lunar New Year holiday. 

Further, a rally in copper prices was spurred by fears over potential disruption of supply from Indonesia and Chile. A stronger dollar makes dollar-denominated assets such as copper costlier for holders of other currencies. 

At the MCX, copper futures for February 2017 contract is trading at Rs 401.20 per kg, down by 1.41 per cent, after opening at Rs 405, against a previous close of Rs 406.95. It touched the intra-day low of Rs 399.85.