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Zinc down 0.5% on weak overseas cues

Subdued domestic spot demand affected the trade

Press Trust of India New Delhi
Taking weak cues from the global markets and subdued spot demand, zinc futures prices today fell by 0.49% as participants reduced their positions.

At the Multi Commodity Exchange (MCX), the May contract traded lower by 50 paise, or 0.49%, to Rs 100.90 per kg in 400 lots.

The June contract fell by a similar margin to Rs 102 per kg in 18 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in copper and other base metals overseas.

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First Published: May 14 2013 | 2:21 PM IST

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