Zinc down by 0.4% on profit-booking

Zinc futures fell 0.44% to Rs 135.60 per kg today as speculators reduced positions amid sluggish domestic demand and profit-booking.

At the Multi Commodity Exchange, zinc prices for delivery in June declined by 60 paise, or 0.44%, to Rs 135.60 per kg in a business turnover of 253 lots.

Likewise, the metal for delivery in July traded lower by 40 paise, or 0.29%, to Rs 136.40 per kg in two lots.

Analysts said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amid profit-booking at prevailing levels by speculators.