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Zinc futures down on profit-booking

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 3:11 AM IST

In thin trade, zinc futures traded marginally lower by 0.29% to Rs 102.65 per kg today as speculators booked profits amid subdued demand in the spot market.

At the Multi Commodity Exchange, the March contract traded lower by 30 paise, or 0.29%, to Rs 102.65 per kg in business turnover of 2,573 lots.

The April contract edged down by 25 paise, or 0.24%, to Rs 103.60 per kg in 299 lots.

Market analysts said besides profit-booking by speculators, slackness in demand from consuming industries at domestic spot markets mainly helped zinc prices to trade marginally lower at futures trade.

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First Published: Mar 27 2012 | 1:45 PM IST

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