Zinc futures down on muted demand

Zinc futures down on muted demand

New Delhi, Nov 16 (PTI) Zinc prices on Thursday fell 0.84 per cent to Rs 230.75 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for November delivery traded lower by Rs 1.95 or 0.84 per cent at Rs 230.75 per kg in 4,665 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices. PTI SGC SHW

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