Zinc prices fell by 1.07 per cent to Rs 175.10 per kg in futures trading today as traders engaged in offloading their positions, taking weak cues from spot market due to tepid demand.
At the Multi Commodity Exchange, zinc for delivery in January declined by Rs 1.90, or 1.07 per cent, to Rs 175.10 per kg in business turnover of 23 lots.
Likewise, the metal for delivery in December contracts moved down by Rs 1.80, or 1.02 per cent to Rs 174.80 per kg in 366 lots.
Analysts said cutting down of positions by participants owing to slackened demand from consuming industries in the spot market mainly led to decline in zinc prices at futures trade.
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