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Zinc marginally down on global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 12:12 AM IST

Zinc prices fell by 0.35% to Rs 100.45 per kg in futures trade today as speculators reduced their exposure amid a weak trend overseas.

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

At the Multi Commodity Exchange, September zinc declined by 35 paise, or 0.35%, to Rs 100.45 per kg, with a business turnover of 578 lots.

The October contract shed Rs 30, or 0.31%, to Rs 101.45 per kg in 33 lots.

Market analysts attributed the rise in zinc futures prices to a weakening trend on the London Metal Exchange on account of global demand concerns, coupled with subdued demand in the spot market.

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First Published: Sep 05 2011 | 1:14 PM IST

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