Zinc futures decline 0.32 pc on profit-booking

Zinc prices eased 0.32 per cent to Rs 201.10 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 January traded lower by 65 paise, or 0.32 per cent, to Rs 201.10 per kg in a business turnover of 3 lots.
Similarly, the metal for delivery in December shed 60 paise, or 0.30 per cent, to Rs 200.90 per kg in 285 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.