New Delhi, Feb 3 (PTI): Zinc prices witnessed a slight dip of 0.17% on Monday, settling at Rs 261.90 per kilogram in futures trading. The decline was driven by reduced investor participation, reflecting negative trends from the physical market.
On the Multi Commodity Exchange (MCX), zinc contracts for February delivery recorded a fall of 45 paise or 0.17%, with a total trade volume of 3,968 lots.
Market analysts attributed the price drop to weaker demand from consuming industries, prompting traders to cut down their positions. The sluggish demand in the physical market remained a key factor influencing zinc futures.