Zinc futures shed 0.16 pc on tepid demand

Zinc prices eased 0.16 per cent to Rs 189.40 per kg in futures trade Friday as speculators cut down positions taking weak cues from the spot market.

On Multi Commodity Exchange, zinc for delivery in August declined 30 paise, or 0.16 per cent, to Rs 189.40 per kg in a business turnover of 3,800 lots.

Marketmen said weakness in metals in domestic spot market owing to slackened demand from consuming industries influenced the prices.