Zinc prices declined on the Multi Commodity Exchange due to reduced speculation and muted demand from consuming industries. Read more about the zinc futures market.
New Delhi, Sep 23 (PTI) Zinc prices on Monday fell 0.62 per cent to Rs 263.95 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 September delivery traded Rs 1.65 or 0.62 per cent lower at Rs 263.95 per kg in 2,023 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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