PTI reported that tracking a weak trend in base metals in the global market and subdued spot demand, zinc futures prices today fell by 1.43% as participants reduced exposures.

At the Multi Commodity Exchange, zinc for delivery in September traded lower by INR 1.80 or 1.43% to INR 124.50 per kilogram with a business turnover of 264 lots. The metal for delivery in August fell by INR 1.65 or 1.32% to INR 123.15 per kilogram in a turnover of 2,074 lots.

Marketmen said that the fall in zinc prices at futures trade was mostly in tandem with a weak trend in the entire base metals at the London Metal Exchange on concern any tapering of stimulus in the US curbs demand of industrial metals.