 "Zinc down 0.1% on global cues")
Taking weak cues from the global markets, zinc traded a shade lower at Rs 113.35 per kg in futuers trade today.
At the Multi Commodity Exchange, zinc prices for delivery in August declined by 30 paise, or 0.26%, to Rs 113.35 per kg in business turnover of 107 lots.
Likewise, zinc prices for delivery in July traded lower by 20 paise, or 0.18%, to Rs 112.10 per kg in 1,830 lots.
Market analysts said besides sluggish demand in the domestic spot market, weak global trend after a report showed that US employment climbed more than forecast in June, fueling speculation that policy makers will pare economic stimulus as the economy gains, mainly putting pressure on zinc prices in futures trade.
At the Multi Commodity Exchange, zinc prices for delivery in August declined by 30 paise, or 0.26%, to Rs 113.35 per kg in business turnover of 107 lots.
Likewise, zinc prices for delivery in July traded lower by 20 paise, or 0.18%, to Rs 112.10 per kg in 1,830 lots.
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Globally, zinc was down 1.2% at $1,837.50 a tonne at the London Metal Exchange.
Market analysts said besides sluggish demand in the domestic spot market, weak global trend after a report showed that US employment climbed more than forecast in June, fueling speculation that policy makers will pare economic stimulus as the economy gains, mainly putting pressure on zinc prices in futures trade.