 "Zinc softens by 0.32%, in line with global trend")
Zinc futures traded 0.32% lower at Rs 139.05 per kg today after speculators trimmed positions, tracking a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in June contracts declined 45 paise, or 0.32%, to Rs 139.05 per kg. It clocked business turnover of 135 lots.
Similarly, the metal for delivery in July contracts softened by 15 paise, or 0.11%, to Rs 139.90 per kg in 1 lot.
Analysts said the weakness in zinc in futures trade was mostly attributed to a falling trend in copper and other base metals in the global markets as the Organization for Economic Cooperation and Development (OECD) trimmed its global growth forecast.
In futures trading at Multi Commodity Exchange, zinc for delivery in June contracts declined 45 paise, or 0.32%, to Rs 139.05 per kg. It clocked business turnover of 135 lots.
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Similarly, the metal for delivery in July contracts softened by 15 paise, or 0.11%, to Rs 139.90 per kg in 1 lot.
Analysts said the weakness in zinc in futures trade was mostly attributed to a falling trend in copper and other base metals in the global markets as the Organization for Economic Cooperation and Development (OECD) trimmed its global growth forecast.