Zinc prices fell marginally by 0.20% to Rs 102.10 per kg in futures trade today as speculators reduced their positions amid a weak trend at the spot markets owing to subdued demand.
At the Multi Commodity Exchange, zinc for delivery in August declined by 20 paise, or 0.20%, to Rs 102.10 per kg, with a business turnover of 233 lots.
July zinc softened by 15 paise, or 0.15%, to Rs 101.25 per kg in 1,139 lots.
Analysts attributed the decline in zinc futures to a weak trend at the spot markets due to fall in demand. However, gains in the overseas markets restricted the fall.
Meanwhile, zinc gained $6, or 0.33%, to $1,807 per tonne at the LME.