 "Zinc down 0.7% on global cues")
Taking weak cues from global market and sluggish demand at domestic market, zinc prices fell 0.68 per cent to 125.05 per kg in futures trade today as participants trimmed their exposure.
At Multi Commodity Exchange, zinc for delivery in August declined 85 paise, or 0.68 per cent, to Rs 125.05 per kg in a business turnover of 40 lots.
Likewise, the metal for delivery in July shed 75 paise, or 0.60 per cent, to Rs 124.65 per kg in 411 lots.
Meanwhile, zinc fell as much as 0.3 per cent at the LME.
At Multi Commodity Exchange, zinc for delivery in August declined 85 paise, or 0.68 per cent, to Rs 125.05 per kg in a business turnover of 40 lots.
Likewise, the metal for delivery in July shed 75 paise, or 0.60 per cent, to Rs 124.65 per kg in 411 lots.
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Analysts said weakness in zinc was mostly due to sluggish demand for copper and other base metals at the London Metal Exchange (LME) on concern over China's slowing economy that will hit the demand for commodities in the biggest consumer.
Meanwhile, zinc fell as much as 0.3 per cent at the LME.