Zinc futures drop on muted demand

Zinc prices on Friday fell by 85 paise to Rs 182.85 per kg in futures trade as speculators cut bets amid easing demand in the spot market.

At the Multi Commodity Exchange, zinc contracts for December delivery moved down by 85 paise, or 0.46 per cent, to Rs 182.85 per kg in a business turnover of 1,476 lots.

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