 "Zinc down by 0.7% on lower global trend")
Taking weak cues from the global market and muted demand at domestic spot market, zinc prices were down by 0.67% to Rs 103.35 per kg in futures trade today as participants offloaded positions.
At the Multi Commodity Exchange, zinc for delivery in December fell by 70, or 0.67%, to Rs 103.35 per kg in business turnover of 318 lots.
Similarly, the metal for delivery in November moved down by 55 paise, or 0.54%, to Rs 102 per kg in 495 lots.
Analysts attributed fall in zinc futures to a weakening trend in base metals pack at the London Metal Exchange (LME).
Furthermore, subdued demand at the spot market fuelled the downtrend, they said.
