BS reported that tracking a weak trend in base metals overseas and subdued spot demand, zinc futures prices fell 0.84% to INR 129.10 per kilogram as speculators reduced positions.

At the Multi Commodity Exchange, zinc prices for delivery in September declined by INR 1.10 or 0.84% to INR 129.10 per kilogram in business turnover of 227 lots.

Likewise, zinc prices for delivery in October traded lower by INR 1.05 or 0.80% to INR 130.30 per kilogram in just one lot.

Market analysts said besides sluggish domestic demand in the spot market, weak global trend amid mounting concern over the Fed scaling back stimulus are putting pressure on metal at futures trade.