Zinc futures down 0.64% on profit-booking

Zinc futures traded 0.64 per cent lower at Rs 186.80 per kg today after speculators trimmed positions at prevailing levels.
However, strength in base metals pack at the London Metal Exchange (LME), capped the gains.
In futures trading at the Multi Commodity Exchange, zinc for delivery in January next year declined Rs 1.20, or 0.64 per cent, to Rs 186.80 per kg. It clocked a business turnover of five lots.
The metal for delivery in December softened by Rs 1.15, or 0.61 per cent, to Rs 186.40 per kg in 532 lots.
Market analysts said weakness in zinc futures trade was mostly due to profit-booking by speculators at existing levels, but a firming trend in the base metals at the London Metal Exchange (LME), restricted the fall.

Oversea, zinc gained 3.7 per cent at the LME.