 "Zinc sheds 0.15% on global cues")
Zinc prices fell 0.15 per cent to Rs 136.90 per kg in futures trade today as speculators trimmed positions on negative cues from overseas markets.
Besides, sluggish demand in domestic spot markets fuelled the downtrend.
At the Multi Commodity Exchange, zinc for delivery in August traded lower by 20 paise, or 0.15 per cent, to Rs 136.90 per kg in a business turnover of 9 lots.
Market analysts attributed the fall in zinc futures to a weak global trend where it retreated from a 35-month high.
Meanwhile, zinc for delivery in three months dropped 0.5 per cent to $2,270 a metric tonne on the London Metal Exchange. It had hit $2,318.50 yesterday, the highest since August 2011.
Besides, sluggish demand in domestic spot markets fuelled the downtrend.
At the Multi Commodity Exchange, zinc for delivery in August traded lower by 20 paise, or 0.15 per cent, to Rs 136.90 per kg in a business turnover of 9 lots.
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July zinc shed 15 paise, or 0.11 per cent, to Rs 136.20 per kg in 86 lots.
Market analysts attributed the fall in zinc futures to a weak global trend where it retreated from a 35-month high.
Meanwhile, zinc for delivery in three months dropped 0.5 per cent to $2,270 a metric tonne on the London Metal Exchange. It had hit $2,318.50 yesterday, the highest since August 2011.