Zinc prices fell on the Multi Commodity Exchange due to reduced demand from consuming industries. Speculators reduced their exposure, tracking negative cues from the spot market.
New Delhi, Aug 6 (PTI) Zinc prices on Tuesday fell 0.63 per cent to Rs 246.20 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for August delivery traded Rs 1.55 or 0.63 per cent lower at Rs 246.20 per kg in 2,100 lots.
Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
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