Zinc prices eased 0.58 per cent to Rs 137.25 per kg in futures trade in the evening session today after speculators off-loaded their positions partially as the base metals pack weakened at the London Metal Exchange (LME) amidst subdued domestic demand.
The exchange opened for the evening session as it remained closed in the morning for Baba Saheb Ambedkar Jayanti.
At the Multi Commodity Exchange, zinc for delivery in May declined by 80 paise or 0.58 per cent to Rs 137.25 per kg in a business turnover of 14 lots.
Likewise, the metal for delivery in April shed 75 paise or 0.55 per cent to Rs 136.55 per kg in 308 lots.
Analysts said the decline in zinc at futures trade was mostly attributed to weakness in copper and other base metals at the LME on speculation that slowing growth in China will lead to fall in demand for raw materials.
