 "Zinc falls by 0.4% on global trend")
Zinc futures traded a shade lower at Rs 129.10 per kg today on offloading of positions by speculators amid weak cues from overseas market and subdued spot demand at domestic markets.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 55 paise, or 0.42%, to Rs 129.10 per kg in a business turnover of 202 lots.
In a similar fashion, the metal for delivery in January shed 35 paise, or 0.27%, to Rs 128.80 per kg in 212 lots.
Market analysts said besides subdued demand from consuming industries in the spot market, weakness in copper and other metals at the London Metal Exchange, led to the fall in zinc prices at futures trade.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 55 paise, or 0.42%, to Rs 129.10 per kg in a business turnover of 202 lots.
In a similar fashion, the metal for delivery in January shed 35 paise, or 0.27%, to Rs 128.80 per kg in 212 lots.
Market analysts said besides subdued demand from consuming industries in the spot market, weakness in copper and other metals at the London Metal Exchange, led to the fall in zinc prices at futures trade.