 "Zinc falls by 1.1% on weak global trend")
Zinc prices moved down 1.07% to Rs 106.55 per kg in futures market today as speculators trimmed their positions, in tandem with a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in December dropped Rs 1.15, or 1.07%, to Rs 106.55 per kg in a business turnover of 58 lots.
Likewise, the metal for delivery in November was trading Rs 1.10, or 1.03% lower at Rs 105.30 per kg in a business turnover of 22 lots.
Marketmen said weakness in most base metals at the London Metal Exchange (LME) after Chinese manufacturing weakened in July, mainly weighed on zinc prices in futures trade.
In futures trading at Multi Commodity Exchange, zinc for delivery in December dropped Rs 1.15, or 1.07%, to Rs 106.55 per kg in a business turnover of 58 lots.
Likewise, the metal for delivery in November was trading Rs 1.10, or 1.03% lower at Rs 105.30 per kg in a business turnover of 22 lots.
Marketmen said weakness in most base metals at the London Metal Exchange (LME) after Chinese manufacturing weakened in July, mainly weighed on zinc prices in futures trade.