 "Zinc down 0.3% on global cues")
Zinc prices down by 0.33% to 106.45 per kg in futures trade today as speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in June contracts declined by 35 paise, or 0.33%, to Rs 106.45 per kg in business turnover of 1,222 lots.
Likewise, zinc for delivery in the July shed 35 paise, or 0.32%, to Rs 107.65 per kg in 89 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in base metals amid speculation that central banks including the US Federal Reserve will refrain from adding more stimulus to boost global growth.
At the Multi Commodity Exchange, zinc for delivery in June contracts declined by 35 paise, or 0.33%, to Rs 106.45 per kg in business turnover of 1,222 lots.
Likewise, zinc for delivery in the July shed 35 paise, or 0.32%, to Rs 107.65 per kg in 89 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in base metals amid speculation that central banks including the US Federal Reserve will refrain from adding more stimulus to boost global growth.