 "Zinc down 0.5% on lower global trend")
Zinc prices declined by 0.59% to Rs 117.80 per kg in futures trade today as speculators offloaded their positions tracking a weak trend overseas.
At the Multi Commodity Exchange, zinc for delivery in March declined by 70 paise, or 0.59%, to Rs 117.80 per kg in business turnover of 279 lots.
Likewise, the metal for delivery in April weakened by 55 paise, or 0.46%, to Rs 118.80 per kg in 27 lots.
Market analysts said speculators offloaded their positions in tandem with a weak global trend as Chinese manufacturing data unexpectedly declined in March, which mainly led to fall in zinc prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in March declined by 70 paise, or 0.59%, to Rs 117.80 per kg in business turnover of 279 lots.
Likewise, the metal for delivery in April weakened by 55 paise, or 0.46%, to Rs 118.80 per kg in 27 lots.
Market analysts said speculators offloaded their positions in tandem with a weak global trend as Chinese manufacturing data unexpectedly declined in March, which mainly led to fall in zinc prices at futures trade.