Zinc futures decline 0.23 pc on profit-booking

Zinc prices eased 0.23 per cent to Rs 177.15 per kg in futures trade today as traders trimmed positions amid profit-booking by participants.
Besides, sluggish demand from consuming industries at domestic spot market fuelled the downtrend.
At the Multi Commodity Exchange, zinc for delivery in current month traded lower by 40 paise, or 0.23 per cent to Rs 177.15 per kg in a business turnover of 919 lots.
Similarly, the metal for delivery in July shed 35 paise, or 0.20 per cent, to Rs 177.60 per kg in 66 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to profit-booking by participants at current levels amid a subdued trend at the domestic spot markets due to low demand.