India, Dec. 31 -- Zinc prices edged lower in futures trade on Wednesday, pressured by weak demand in the physical market and reduced speculative exposure. Prices fell by Rs 2.10 to Rs 306.90 per kilogram as traders trimmed positions amid negative spot market cues.
On the Multi Commodity Exchange (MCX), zinc contracts for January delivery slipped by Rs 2.10, or 0.68 per cent, to Rs 306.90 per kg, with a business turnover of 5,250 lots.
Analysts said the decline was mainly due to slackened demand from consuming industries in the physical market, prompting participants to cut back their positions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....