Zinc down 0.2% on global cues, sluggish demand
Metal for delivery in current month fell by 0.17%
 "Zinc down 0.2% on global cues, sluggish demand")
Amid a weak trend in the global markets and sluggish domestic demand, zinc futures today fell 0.21% to Rs 116.75 per kg as participants reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in January traded lower by 25 paise, or 0.21%, to Rs 116.75 per kg, with a business turnover of six lots.
The metal for delivery in current month fell by 20 paise, or 0.17%, to Rs 115.55 per kg in a turnover of 110 lots.
Marketmen said the fall in zinc prices at futures trade was mostly due to subdued spot demand and a weak trend in the base metals overseas on speculation the US Federal Reserve will start scaling back asset purchases as the economy improves.
At the Multi Commodity Exchange, zinc for delivery in January traded lower by 25 paise, or 0.21%, to Rs 116.75 per kg, with a business turnover of six lots.
The metal for delivery in current month fell by 20 paise, or 0.17%, to Rs 115.55 per kg in a turnover of 110 lots.
Marketmen said the fall in zinc prices at futures trade was mostly due to subdued spot demand and a weak trend in the base metals overseas on speculation the US Federal Reserve will start scaling back asset purchases as the economy improves.