India, June 16 -- Zinc prices fell in futures trade on Tuesday as traders pared their positions amid subdued demand in the spot market.
On the Multi Commodity Exchange (MCX), zinc contracts for June delivery declined Rs 2.30, or 0.62%, to Rs 367.60 per kg, with a business turnover of 285 lots.
Market analysts attributed the decline to profit-booking and reduced exposure by participants, largely driven by weaker demand from consuming industries in the physical market. The softness in spot demand weighed on overall sentiment, leading to a decline in zinc futures prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....