Zinc futures soften by 0.12 pc on profit booking

Zinc prices eased by 0.12 per cent to Rs 207.75 per kg in futures trade today as speculators booked profits amid easing demand from industries in the spot market.

At the Multi Commodity Exchange, zinc for delivery in June month shed 25 paise, or 0.12 per cent to Rs 207.75 per kg in business turnover of 44 lots.

Likewise, the metal for delivery in May month contract was trading lower by 10 paise, or 0.05 per cent to Rs 207.20 per kg in 1,783 lots.

Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market mainly weighed on zinc prices at futures trade.