Zinc prices declined by 0.27 per cent to Rs 276.20 per kilogram on Wednesday in the futures market as traders scaled back their positions, reflecting weak demand in the spot market.
On the Multi Commodity Exchange, April delivery zinc contracts dropped by 75 paise, or 0.27 per cent, to Rs 276.20 per kg, with a trading volume of 273 lots.
Analysts attributed the decline to sluggish demand from consuming industries, leading to position trimming by market participants.