Zinc futures decline on weak demand

New Delhi, Sep 2 (PTI) Zinc prices on Monday fell 1.04 per cent to Rs 265.90 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for September delivery traded Rs 2.80 or 1.04 per cent lower at Rs 265.90 per kg in 2,184 lots.

Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.