Zinc prices traded lower by 0.19 per cent to Rs 179.50 per kg in futures trade on Wednesday as speculators reduced their exposure, taking negative cues from the spot market on low demand amid weak trend overseas.
Zinc contracts for September delivery fell by 35 paise, or 0.19 per cent, to Rs 179.50 per kg in a business turnover of 609 lots on the Multi Commodity Exchange.
Similarly, the metal contracts for October delivery fell by 35 paise, or 0.19 per cent, to Rs 182.35 per kg in 2,368 lots.
Analysts said offloading of positions by participants owing to easing demand from consuming industries in the physical market amid weak global cues mainly exerted pressure on prices.
On the London Metal Exchange, zinc fell 2.12 per cent to USD 2,282 per tonne.
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