Zinc futures down 0.56% on subdued demand

NEW DELHI, Feb 3: Zinc futures prices today fell 0.56 per cent to Rs 124.20 per kg, taking weak cues from the global markets amid low demand at domestic spot markets.
At the Multi Commodity Exchange, zinc for delivery in March traded lower by 70 paise, or 0.56 per cent, to Rs 124.20 per kg with a business turnover of 4 lots.
The metal for delivery in February fell by 35 paise, or 0.28 per cent, to trade at Rs 123.45 per kg in a turnover of 55 lots.
Marketmen said besides low demand at domestic spot markets, a weak trend in base metals at the London Metal Exchange after manufacturing slowed in China, the world’s largest user of base metals, put pressure on zinc futures prices here. (AGENCIES)