Zinc prices drifted lower by 1.14 per cent to Rs 199 per kg in futures trading today as speculators reduced exposure, taking negative cues from the spot market on slump in demand.
In futures trading at the Multi Commodity Exchange, zinc for delivery in July fell by Rs 2.30, or 1.14 per cent to Rs 199 per kg in a business turnover of 141 lots.
Likewise, the metal for delivery in June contracts was trading lower by Rs 2.10, or 1.04 per cent to Rs 200.25 per kg in 579 lots.
Analysts said trimming of positions by participants due to fall in demand from consuming industries in the physical market mainly led to the slide in zinc prices at futures trade.
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