Zinc futures slide on tepid demand

Press Trust of India  |  New Delhi 

Zinc prices on Monday fell 3.76 per cent to Rs 152.40 per kg in futures trade as speculators cut bets amid easing demand in spot market.

On the Multi Commodity Exchange, zinc contracts for May delivery moved down by Rs 5.95, or 3.76 per cent, to Rs 152.40 per kg in a business turnover of 6 lots.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 09 2020. 13:06 IST