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Tracking weakness in the base metals pack at the London Metal Exchange and subdued demand at domestic spot markets, zinc prices drifted by 0.65% to Rs 130.90 per kg in futures trade today as speculators trimmed positions.
At the Multi Commodity Exchange, zinc for delivery in February shed 85 paise, or 0.65%, to Rs 130.0 per kg in a business turnover of 34 lots.
Similarly, the metal for delivery in January edged lower by 80 paise, or 0.61%, to Rs 130.30 per kg in 267 lots.
Analysts attributed the fall of zinc futures to sluggish demand in the spot markets and weak trend in base metals overseas as data showed showed manufacturing contracted in China, the world's biggest consumer.
