NEW DELHI, Sept 1: Zinc futures fell 0.17 per cent to Rs 143.35 per kg today as speculators reduced positions amidst sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in next month declined by 25 paise, or 0.17 per cent, to Rs 143.35 per kg in a business turnover of 27 lots.
Likewise, the metal for delivery in the current month traded lower by 20 paise, or 0.14 per cent, to Rs 142.70 per kg in 442 lots.
Market analysts said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amidst a weak trend in base metals at the London Metal Exchange after official gauge of China’s industrial activity dropped for the first time in six months. (PTI)
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