Muted demand drags down zinc futures by 0.12 pc

Zinc prices softened by 0.12 per cent to Rs 212.05 per kg in futures trading today as speculators cut their bets amid easing demand from industries in the spot market.

At the Multi Commodity Exchange, zinc for delivery in May month shed 25 paise, or 0.12 per cent to Rs 212.05 per kg in business turnover of 254 lots.

Similarly, the metal for delivery in June month contracts eased by 20 paise, or 0.09 per cent to Rs 212.75 per kg in 142 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices at futures trade.