Commodity Watch: Zinc futures decline on low turnover

New Delhi: Zinc prices fell Rs 1.55 to Rs 306.35 per kilogram in futures trade as speculators reduced their exposure, tracking negative cues from the spot market.

Zinc contracts for January delivery slipped 0.5 per cent in a business turnover of 1,437 lots. Trimming of positions by participants owing to slackened demand from consuming industries weighed on zinc prices.

Aluminium futures rise on fresh bets

Aluminium prices rose 70 paise to Rs 283.70 per kilogram in the futures trade as speculators built up fresh positions amid a positive trend in the spot market.

Aluminium for delivery in January increased 0.25 per cent in 1,382 lots. Fresh positions created by traders amid demand from consuming industries supported aluminium prices.

Copper futures decline on weak trend

Copper futures fell Rs 4.20 to Rs 1,116.45 per kilogram as participants reduced their positions amid muted demand in the domestic market. Copper futures for the January contract eased 0.37 per cent in a business turnover of 4,755 lots.