Zinc futures soften on muted demand

Zinc futures traded 0.44 per cent lower to Rs 193.40 per kg on Thursday as speculators reduced exposure amid subdued demand at the spot market.

Zinc for delivery in July contracts fell by 85 paise, or 0.44 per cent, to Rs 193.40 per kg at the Multi Commodity Exchange, clocking a business turnover of 1,890 lots.

Traders said the weakness in zinc prices at futures trade was mostly due to cutting down of bets by speculators in tandem with a weak trend at the spot market.