Zinc futures slip 1.17 per cent

Zinc prices drifted lower by 1.17 per cent to Rs 214.75 per kg in futures trade today as traders trimmed positions amid muted demand at the domestic spot markets.

A the Multi Commodity exchange, zinc for delivery in October fell by Rs 2.55 or 1.17 per cent to Rs 214.75 per kg, in a business turnover of 1,629 lots.

Metal for delivery in November fell by Rs 2.40, or 1.11 per cent to Rs 213.70 per kg in 27 lots.

Analysts attributed fall in zinc futures to offloading of positions by participants amid a weak trend at the domestic spot markets due to low demand from consuming industries.