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In a range-bound movement, zinc futures fell one per cent today as traders indulged in reducing their positions, tracking a weakening trend in base metals overseas.
Fall in demand from consuming industries at the spot market also put some pressure on zinc futures prices.
At the Multi Commodity Exchange, zinc for delivery in August fell Rs 1.10 or 1 per cent to Rs 109.05 per kg with a business turnover of 173 lots. Similarly, July contract also fell Rs 1.05 or 0.96 per cent to Rs 108.05 per kg with a trade turnover of 1,061 lots.
Analysts said a weakening trend in base metals at the London Metal Exchange along with sluggish demand in the domestic market led to the fall in zinc futures prices.
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