Zinc futures fall on tepid demand

Zinc prices on Tuesday fell by 55 paise to Rs 180.20 per kg in futures trade as speculators cut bets amid easing demand in spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery moved down by 55 paise, or 0.30 per cent, to Rs 180.20 per kg in a business turnover of 731 lots.

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