Zinc prices declined on Tuesday, slipping 0.14% to Rs 247.75 per kilogram in the futures market, as traders pared down their positions amid weak demand signals from the spot market.

On the Multi Commodity Exchange (MCX), the May delivery contract for zinc dropped by 35 paise to Rs 247.75 per kg, with a turnover of 2,255 lots.

Analysts attributed the decline to reduced buying interest from consuming industries in the physical market, prompting participants to scale back their exposure