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Zinc down 0.5% on subdued demand

Prices dropped as participants reduced their positions

Press Trust of India New Delhi
Zinc futures for March traded lower by 55 paise, or 0.49%, to Rs 112.15 per kg in 744 lots.

At the Multi Commodity Exchange (MCX), the April contract fell by 45 paise, or 0.40%, to trade at Rs 112.90 per kg in 34 lots.

Prices dropped as participants reduced their positions amid weak domestic spot market trends due to subdued demand.

But, the metal's strength at the London Metal Exchange (LME) limited the downside.

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First Published: Mar 01 2013 | 2:24 PM IST

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