Amid weak global trend and subdued domestic demand, zinc prices fell by 0.34% to Rs 103.35 per kg in futures trade today.
At the Multi Commodity Exchange, zinc for delivery in August declined by 35 paise, or 0.34%, to Rs 103.35 per kg, with a business turnover of 47 lots.
The July contract softened by 30 paise, or 0.29%, to Rs 102.70 per kg in 1,339 lots.
Analysts attributed the decline in zinc futures to a weak trend in the entire base metals pack at the London Metal Exchange (LME) largely on uncertainty that the US Federal Reserve would introduce new stimulus measures.
Meanwhile, zinc declined by $14, or 0.76%, to $1,838 per tonne at the LME.