 "Zinc down by 0.4% on weak global cues")
Zinc prices drifted lower by 0.40% to Rs 136.55 per kg in futures trade today as traders trimmed positions, tracking a weak trend overseas.
Moreover, muted demand from consuming industries in the spot market fuelled the downtrend.
At the Multi Commodity Exchange, zinc for delivery in June fell by 55, or 0.40%, to Rs 136.55 per kg, in a business turnover of 919 lots.
Analysts attributed the fall in zinc futures to a weak global trend where it along with other base metals retreated after a shock Britain's vote to exit the European Union saw investors exit assets tied to economic growth.
Moreover, muted demand from consuming industries in the spot market fuelled the downtrend.
At the Multi Commodity Exchange, zinc for delivery in June fell by 55, or 0.40%, to Rs 136.55 per kg, in a business turnover of 919 lots.
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Likewise, the metal for delivery in July traded lower by 50 paise, or 0.36%, to Rs 136.80 per kg in 60 lots.
Analysts attributed the fall in zinc futures to a weak global trend where it along with other base metals retreated after a shock Britain's vote to exit the European Union saw investors exit assets tied to economic growth.