Zinc futures down on muted demand

New Delhi, Jun 24 (PTI) Zinc prices fell 0.25 per cent to Rs 161.50 per kg in futures trade on Wednesday as speculators reduced their exposure, taking negative cues from spot market.

On the Multi Commodity Exchange, zinc for July delivery was trading lower by 40 paise, or 0.25 per cent, at Rs 161.50 per kg in 1,772 lots.

Analysts said offloading of positions by participants owing to weak demand from consuming industries in physical market mainly weighed on zinc futures here. PTI RUJ RVK