Zinc prices drifted lower by 0.24 per cent to Rs 188.45 per kg in futures trade today as speculators reduced their positions, tracking a weak trend at spot market on sluggish demand from consuming industries.
At Multi Commodity Exchange, zinc for delivery in current month declined by 45 paise, or 0.24 per cent to Rs 188.45 per kg in business turnover of 274 lots.
Likewise, the metal for delivery in February contracts was trading lower by 40 paise, or 0.21 per cent to Rs 188.45 per kg in 179 lots.
Marketmen said offloading of positions by traders owing to slackened demand from consuming industries in the physical market, mainly influenced zinc prices at futures trade.
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