Zinc futures down 0.90 per cent

NEW DELHI: Zinc futures prices today fell by 0.90 per cent to Rs 131.85 per kg after participants reduced their positions due to absence of global cues amid subdued demand at domestic spot markets.

At the Multi Commodity Exchange, zinc for delivery in December traded lower by Rs 1.20, or 0.90 per cent, to Rs 131.85 per kg, with a business turnover of 764 lots.

The metal for delivery in January fell by Rs 1.15, or 0.86 per cent, to trade at Rs 132.30 per kg in a turnover of 109 lots.

Marketmen said reducing of positions by participants in the absence of overseas cues, as the London Metal Exchange remained closed today for Christmas holiday and low demand from domestic industries, put pressure on zinc futures prices here.