Amid a weakening trend at the London Metal Exchange (LME) and subdued domestic demand, zinc prices fell by 0.59% in the futures market today.
On the Multi Commodity Exchange, zinc for delivery in November edged lower by 60 paise, or 0.59%, to Rs 100.65 per kg, with a business turnover of 1,522 lots.
The metal for December contract also shed 40 paise, or 0.39%, to Rs 101.40 per kg, with an open interest of 362 lots.
Market analysts said in addition to subdued demand in the spot market, a weakening trend in base metals at the LME on renewed worries after Moody's said it is considering lowering debt ratings for banks in 15 European nations, mainly put pressure on the metal's futures prices here.
Meanwhile, zinc was being quoted 0.9% lower at $1,940.25 per tonne in early trade on the LME.