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Zinc declines by 0.1% on global cues

Speculators trimmed positions amid a weak global trend

Press Trust of India New Delhi
Zinc futures fell marginally by 0.11% to Rs 132.40 per kg today after speculators trimmed positions amid a weak global trend.

At the Multi Commodity Exchange, zinc for delivery in March declined by 15 paise, or 0.11%, to Rs 132.40 per kg in a business turnover of 18 lots.

Likewise, the metal for delivery in the February softened by 10 paise, or 0.08%, to Rs 131.75 per kg in 498 lots.

Analysts said the weakness in zinc at futures trade was mostly due to a weak trend in copper and other base metals in global markets after China reported consumer prices rose at the slowest pace in more than five years.

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First Published: Feb 11 2015 | 11:10 AM IST

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