Zinc prices dropped 0.65% on the Multi Commodity Exchange as speculators reduced their positions due to muted demand from consuming industries.
New Delhi, Feb 12 (PTI) Zinc prices on Monday fell 0.65 per cent to Rs 206.25 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by Rs 1.35 or 0.65 per cent at Rs 206.25 per kg in 5,443 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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