 "Zinc down 0.5% on global cues, subdued spot demand")
Zinc futures prices fell by 0.54% today as participants reduced positions amid a weak trend in base metals at the London Metal Exchange.
At the Multi Commodity Exchange, zinc for delivery in November traded lower by 65 paise, or 0.54%, to Rs 119.35 per kg, with a business turnover of 199 lots.
The metal for delivery in current month fell by 60 paise, or 0.51%, to trade at Rs 118.20 per kg in a turnover of 155 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak overseas trend where base metals weakened as the US Federal Reserve fuelled speculation that it will start tapering stimulus in coming months, weighed on zinc futures prices.
At the Multi Commodity Exchange, zinc for delivery in November traded lower by 65 paise, or 0.54%, to Rs 119.35 per kg, with a business turnover of 199 lots.
The metal for delivery in current month fell by 60 paise, or 0.51%, to trade at Rs 118.20 per kg in a turnover of 155 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak overseas trend where base metals weakened as the US Federal Reserve fuelled speculation that it will start tapering stimulus in coming months, weighed on zinc futures prices.