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Zinc futures fall 1.13% on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:28 AM IST

Tracking a weak global trend, zinc prices fell by 1.13% to Rs 100.60 per kg in futures trade today.

Subdued demand in the domestic spot market also put pressure on zinc prices.

At the Multi Commodity Exchange, zinc for delivery in August declined by Rs 1.15, or 1.13%, to Rs 100.60 per kg, with a business turnover of 1,345 lots.

Similarly, the metal for September contract delivery shed Rs 1.05, or 1.02%, to Rs 101.45 per kg in 257 lots.

Market analysts attributed the rise in zinc futures prices to a weakening trend on the London Metal Exchange, besides subdued demand in the spot market.

Meanwhile, zinc fell by 1.3% to $2,200 a metric tonne on the London Metal Exchange.

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First Published: Aug 26 2011 | 2:01 PM IST

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