Zinc futures on slip on muted demand

Zinc prices on Friday edged lower by 50 paise to Rs 186.05 per kg in futures trade as speculators cut bets, driven by easing demand in spot market.

On the Multi Commodity Exchange, zinc contracts for November delivery moved down by 50 paise, or 0.27 per cent, to Rs 186.05 per kg in a business turnover of 1,698 lots.

Similarly, the metal for delivery in December was trading lower by 55 paise, or 0.29 per cent, at Rs 186.30 per kg in 370 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.