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Amid a weak trend in the global markets and sluggish domestic demand, zinc futures prices today fell 0.62% to Rs 121.10 per kg as participants reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in December traded lower by 75 paise, or 0.62%, to Rs 121.10 per kg, with a business turnover of 549 lots.
The metal for delivery in January fell by 70 paise, or 0.57%, to Rs 121.90 per kg in a turnover of 70 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 as record output in China spurred oversupply concerns and speculation on the timing of stimulus cuts by the US Federal Reserve.
