Zinc futures marginally ease on low demand

Zinc prices on Monday fell by 70 paise to Rs 184.35 per kg in futures trade as speculators cut bets driven by easing demand in the spot market.

At the Multi Commodity Exchange, zinc contracts for December delivery moved down by 70 paise, or 0.38 per cent, to Rs 184.35 per kg in a business turnover of 2,005 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.