Zinc down by 0.2% on low demand

Amid subdued demand at domestic spot markets, zinc futures today fell by 0.25% to Rs 142.45 as participants reduced their positions.

At the Multi Commodity Exchange, zinc for delivery in November traded lower by 35 paise, or 0.25%, to Rs 142.45 per kg, with a business turnover of 10 lots.

The metal for delivery in current month fell 30 paise, or 0.21%, to Rs 141.85 per kg in a business volume of 283 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend at domestic spot markets due to subdued demand though the metals' gain overseas, limited the fall.