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Amid a weak trend in the global markets and sluggish domestic demand, zinc futures fell 0.59% to Rs 127.40 per kg today as participants reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 75 paise, or 0.59%, to Rs 127.40 per kg, with a business turnover of 195 lots.
The metal for delivery in March fell by 65 paise, or 0.51%, to Rs 127.95 per kg in a turnover of 21 lots.
Marketmen said the fall in zinc prices at futures trade was mostly due to subdued spot demand and a weak trend in the base metals overseas after more-than-expected decline in Chinese manufacturing, raising demand concerns.
