India, Jan. 7 -- Zinc prices declined in futures trade on Wednesday as speculators pared positions, tracking weak cues from the spot market.
On the Multi Commodity Exchange of India (MCX), zinc contracts for January delivery fell by Rs 2.35, or 0.74 per cent, to Rs 313.30 per kilogram, with a business turnover of 4,711 lots.
Analysts said the decline was largely due to reduced buying interest from consuming industries in the physical market, prompting participants to trim positions and weigh on zinc prices.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....