New Delhi, February 17 Zinc prices declined by Rs 1.65 to Rs 319.50 per kilogram in futures trading on Tuesday, due to weak global cues and subdued demand from consuming industries in the spot market.
On the Multi Commodity Exchange, zinc futures for February delivery fell by Rs 1.65, or 0.51 per cent, to Rs 319.50 per kilogram in a trading volume of 1,697 lots.
The March contract also declined by Rs 1.55, or 0.48 per cent, to Rs 321.60 per kg in 2,981 lots.
Analysts said the weakness in zinc prices was primarily due to the soft trend in global markets and low buying interest from domestic industries.
In the international markets, zinc futures on the London Metal Exchange (LME) decreased by USD 11.45, or 0.35 per cent, to USD 3,279.10 per metric tonne.
