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Zinc futures shed 0.05% on tepid demand

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New Delhi: Zinc prices eased 0.05 per cent to Rs 203.70 per kg in futures trade Friday as speculators cut down positions, taking weak cues from the spot market.

On Multi Commodity Exchange, zinc for delivery in current month declined by Rs 10, or 0.05 per cent, to Rs 203.70 per kg in a business turnover of 4,666 lots.

Marketmen said weakness in metals in the domestic spot market owing to slackened demand from consuming industries mainly influenced prices.

Source: Economic Times