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Zinc futures down on muted demand
Zinc prices on Monday fell 0.28 per cent to Rs 217.50 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market.
By
migrator
migrator
New Delhi
On the Multi Commodity Exchange, zinc contracts for March delivery traded lower by 60 paise, or 0.28 per cent, to Rs 217.50 per kg in 1,975 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.
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