Zinc futures down on muted demand

New Delhi, April 12 (PTI) Zinc prices on Monday fell 1.56 per cent to Rs 224.15 per kg in futures trade as speculators reduced their exposure taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for April delivery traded lower by Rs 3.55, or 1.56 per cent, to Rs 224.15 per kg in 2,040 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 AST SHW SHW