Zinc futures fall on sluggish demand

Zinc futures fell on MCX as speculators trimmed their positions due to sluggish demand at the domestic spot market, even though global supplies remained tight.The contract for August delivery was trading at Rs 390.85, down by 1.01% or Rs 4.00 from its previous closing of Rs 394.85. The open interest of the contract stood at 2914 lots.The contract for September delivery was trading at Rs 385.30, down by 0.89% or Rs 3.45 from its previous closing of Rs 388.75. The open interest of the contract stood at 408 lots.