Zinc futures soften 0.43% on profit-booking

Zinc futures traded 0.43 per cent lower at Rs 126 per kg today after speculators trimmed positions at prevailing levels.
However, strength in base metals at the London Metal Exchange (LME), capped the gains.
In futures trading at the Multi Commodity Exchange, zinc for delivery in current month declined 55 paise, or 0.43 per cent, to Rs 126 per kg. It clocked a business turnover of 963 lots.
The metal for delivery in June softened by a similar margin to trade at Rs 126.70 per kg in 37 lots.
Market analysts said weakness in zinc futures trade was mostly due to profit-booking by speculators at existing levels.