Zinc futures shed 0.87% on tepid demand

Zinc prices eased 0.87 per cent to Rs 200.40 per kg in futures trade Thursday as speculators cut down positions taking weak cues from the spot market.

On Multi Commodity Exchange, zinc for delivery in current month declined Rs 1.75, or 0.87 per cent, to Rs 200.40 per kg in a business turnover of 4,556 lots.

Marketmen said weakness in metals in the domestic spot market owing to slackened demand from consuming industries mainly influenced prices.