Zinc futures drop on reduced demand

Zinc futures on Monday traded lower by 85 paise to Rs 193.85 per kg as speculators reduced exposure in spot market.

On the Multi Commodity exchange, zinc contracts for November slipped 0.44 per cent, or 85 paise, to Rs 193.85 per kg in a business turnover of 1,326 lots.

For December contracts, zinc futures reduced by 25 paise, or 0.13 per cent, to Rs 192.95 per kg in a business turnover of 103 lots.

Cutting down of bets by speculators mainly led to fall in price of zinc futures, traders said.