Zinc decline 0.6% on subdued demand

Subdued demand in the spot markets due to sluggish demand affected prices

Zinc prices declined by 0.61% to Rs 137.60 per kg in futures trade today amid subdued demand in the spot markets due to sluggish demand.

Further, a weak global trend put pressure on metal prices.

At the Multi Commodity Exchange, zinc for delivery in January next year fell by 85 paise, or 0.61%, to Rs 137.60 per kg in a business turnover of eight lots.

Similarly, the metal for delivery in December traded lower by 75 paise, or 0.54%, to Rs 137.10 per kg in 511 lots.

Analysts said besides sluggish demand in the spot market, a weak trend in other base metals in global markets influenced zinc prices at futures trade.