Zinc futures decline amid muted demand

NEW DELHI: Zinc prices on Thursday fell 0.82 per cent to Rs 217.55 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market.

On the Multi Commodity Exchange, zinc contracts for March delivery traded lower by Rs 1.80, or 0.82 per cent, to Rs 217.55 per kg in 1,794 lots.

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