Zinc futures slip on sluggish demand

Zinc future prices were trading 0.13 per cent lower at Rs 190.25 per kg on Tuesday as speculators reduced exposure at the spot market.

At the Multi Commodity exchange, zinc contracts for November slipped 0.13 per cent, or 25 paise, to Rs 190.25 per kg in a business turnover of 3,138 lots.

For December contracts, zinc futures declined by 35 paise, or 0.18 per cent, to Rs 190.25 per kg in a turnover of 47 lots.

Cutting down of bets by speculators mainly led to fall in zinc future prices, traders said.