Tracking weak trend in base metals at the London Metal Exchange (LME) and profit booking by speculators, zinc futures prices fell sharply by 1.86 per cent to Rs 113.25 per kg today.
Zinc for delivery in October drifted by Rs 2.15, or 1.86 per cent, to Rs 13.25 per kg at the Multi Commodity Exchange counter. It clocked a business turnover of 48 lots.
Similarly, the metal for delivery in November also shed Rs 1.85, or 1.59 per cent, to Rs 114.25 per kg, with a business turnover of 20 lots.
The fall in zinc futures prices was mostly attributed to weak trend at the LME and profit booking by speculators at prevailing levels.
Meanwhile, zinc, snapping a five-day winning streak, fell by 3.1 per cent, the biggest one-week drop to $2,535 a metric tonne on the LME.