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Zinc marginally down in futures trade

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Press Trust of India New Delhi

Taking weak cues from global markets, zinc prices fell by 0.45% to Rs 100.40 per kg in futures trade today.

Weak trend at the spot markets owing to subdued demand also put pressure on zinc prices.

At the Multi Commodity Exchange, October zinc declined by 45 paise, or 0.45%, to Rs 100.40 per kg, with a business turnover of 63 lots.

The September contract shed 35 paise, or 0.35%, to Rs 99.45 per kg in 2,658 lots.

Market analysts attributed the rise in zinc futures prices to a weakening trend on the London Metal Exchange, besides subdued demand in the spot market.

The London Metal Exchange Index of prices for six industrial metals including copper and aluminium slid 1.6% yesterday.

 

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First Published: Sep 06 2011 | 2:22 PM IST

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