 "Zinc down 0.3% on profit-booking")
Amid profit-booking by speculators and weak trend overseas, zinc futures prices today edged lower by 0.38% to Rs 126.60 per kg.
At the Multi Commodity Exchange, zinc for delivery in July shed 45 paise, or 0.38%, to Rs 126.60 per kg, with a business turnover of 8 lots.
The metal for delivery in June fell by a similar margin to Rs 126.05 per kg in a turnover of 431 lots.
Marketmen said besides profit-booking, weakness in copper and other base metals at the London Metal Exchange amid concern that a metal-warehousing probe at the Chinese port of Qingdao will curb use of the metal in obtaining credit in China, the biggest user of the metals, weighed on zinc futures here.
At the Multi Commodity Exchange, zinc for delivery in July shed 45 paise, or 0.38%, to Rs 126.60 per kg, with a business turnover of 8 lots.
The metal for delivery in June fell by a similar margin to Rs 126.05 per kg in a turnover of 431 lots.
Marketmen said besides profit-booking, weakness in copper and other base metals at the London Metal Exchange amid concern that a metal-warehousing probe at the Chinese port of Qingdao will curb use of the metal in obtaining credit in China, the biggest user of the metals, weighed on zinc futures here.