Zinc futures down on muted demand

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

On the Multi Commodity Exchange, zinc contracts for October delivery traded lower by 90 paise, or 0.47 per cent, at Rs 191.40 per kg in 2,424 lots.

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New Delhi: Zinc prices on Wednesday fell by 0.47 per cent to Rs 191.40 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for October delivery traded lower by 90 paise, or 0.47 per cent, at Rs 191.40 per kg in 2,424 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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