Zinc falls by 0.5% on profit-booking

Subdued demand from consuming industries in the spot market also affected prices

Zinc futures traded a shade lower at Rs 126.10 per kg today amidst profit-booking by speculators and subdued spot demand.

At the Multi Commodity Exchange, zinc for delivery in current month traded lower by 40 paise, or 0.47 per cent, to Rs 126.10 per kg in a business turnover of 361 lots.

Similarly, the metal for delivery in April shed 45 paise, or 0.43 per cent, to Rs 126.90 per kg in 20 lots.

Market analysts said besides profit-booking, subdued demand from consuming industries in the spot market led to the fall in zinc prices at futures trade.