 "Zinc down 0.3% on global cues")
Zinc prices down by 0.31% to 112.40 per kg in futures trade today as speculators reduced their exposures, tracking a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in August declined by 35 paise, or 0.31%, to Rs 112.40 per kg in business turnover of 832 lots.
Likewise, zinc for delivery in the September shed 30 paise, or 0.26%, to Rs 113.60 per kg in 34 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in the entire base metals on speculations that Federal Reserve may reduce its bond purchases this year, reducing demand for base metals.
At the Multi Commodity Exchange, zinc for delivery in August declined by 35 paise, or 0.31%, to Rs 112.40 per kg in business turnover of 832 lots.
Likewise, zinc for delivery in the September shed 30 paise, or 0.26%, to Rs 113.60 per kg in 34 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in the entire base metals on speculations that Federal Reserve may reduce its bond purchases this year, reducing demand for base metals.