Zinc futures down on muted demand

New Delhi: Zinc prices on Friday fell by 0.49 per cent to Rs 201.55 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for November delivery traded lower by Re 1, or 0.49 per cent, at Rs 201.55 per kg in 3,025 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.