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NEW DELHI: Zinc prices on Monday fell 0.72 per cent to Rs 248.30 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for the August delivery traded lower by Rs 1.80, or 0.72 per cent, to Rs 248.30 per kg in 1,607 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.
On the Multi Commodity Exchange, zinc contracts for the August delivery traded lower by Rs 1.80, or 0.72 per cent, to Rs 248.30 per kg in 1,607 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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