 "Zinc futures down 0.55% on spot demand, global cues")
Amid sluggish domestic demand and weak global trend, zinc prices traded lower by 0.55% to Rs 109.05 per kg in futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, zinc for delivery in July month declined by 60 paise, or 0.55%, to Rs 109.05 per kg in business turnover of 490 lots.
Likewise, the metal for delivery in June traded lower by 55 paise, or 0.51%, to Rs 107.70 per kg in 3,177 lots.
Meanwhile, zinc was down 0.7% at 1,836.25 dollar a metric tonne on the London Metal Exchange.
At the Multi Commodity Exchange, zinc for delivery in July month declined by 60 paise, or 0.55%, to Rs 109.05 per kg in business turnover of 490 lots.
Likewise, the metal for delivery in June traded lower by 55 paise, or 0.51%, to Rs 107.70 per kg in 3,177 lots.
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Market analysts said besides sluggish domestic demand in the spot market, weak global trend mainly influenced zinc prices in futures trade.
Meanwhile, zinc was down 0.7% at 1,836.25 dollar a metric tonne on the London Metal Exchange.