Zinc prices slipped by 0.65 percent to ₹266.30 per kilogram in futures trading on Friday as traders reduced their exposure, primarily influenced by weak signals from the physical markets.
On the Multi Commodity Exchange (MCX), zinc contracts set for delivery in March declined by ₹1.75 or 0.65 percent, trading at ₹266.30 per kilogram across 2,454 lots.
Market analysts attribute this fall to the reduction of positions by market participants. The primary factor behind this sell-off was sluggish demand from consuming industries, negatively impacting prices in the spot market.
This downturn underscores the current caution among investors, who remain wary of the ongoing subdued consumption from industrial sectors.
