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Tracking a weak trend in base metals in the global market and subdued spot demand, zinc futures today fell by 0.69% as participants reduced exposures.
At the Multi Commodity Exchange, zinc for delivery in April traded lower by 85 paise, or 0.69%, to Rs 122.90 per kg, with a business turnover of 758 lots.
The metal for delivery in May fell by 80 paise, or 0.68%, to Rs 123.80 per kg in a turnover of 23 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in the entire base metals at the London Metal Exchange on demand concern as a measure for new credit in China, the largest metals consumer, suggested the economy was slowing.
