Zinc futures drop on sluggish demand

Zinc future prices on Wednesday were trading 0.34 per cent lower at Rs 188.90 per kg as speculators reduced exposure at the spot market.

At the Multi Commodity exchange, zinc contracts for November slipped 0.34 per cent, or 65 paise, to Rs 188.90 per kg in a business turnover of 1,676 lots.

For December contracts, zinc futures declined 60 paise, or 0.32 per cent, to Rs 189.50 per kg in a turnover of 176 lots.

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