Zinc futures down on muted demand

New Delhi, Jan 29 (PTI) Zinc prices on Friday fell by 0.41 per cent to Rs 204.35 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market.

On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by 85 paise, or 0.41 per cent, to Rs 204.35 per kg in 2,504 lots.

Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices here. PTI SHW RUJ RUJ