Zinc futures down on muted demand

NEW DELHI: Zinc prices on Tuesday fell 0.04 per cent to Rs 232.10 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 June delivery traded lower by 10 paise, or 0.04 per cent, to Rs 232.10 per kg in 1,098 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.