 "Zinc down 0.4% on overseas trend")
Zinc prices down by 0.40% to 110.90 per kg in futures trade today as speculators trimmed positions, tracking a weak global trend on demand concerns.
At the Multi Commodity Exchange, zinc for delivery in May declined by 40 paise, or 0.40%, to Rs 110.90 per kg in business turnover of 28 lots.
Likewise, metal prices for delivery in June shed 35 paise, or 0.35%, to Rs 109.85 per kg in 837 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in the entire base metals on concern that signs of slowing growth from the US to China will curb demand.
At the Multi Commodity Exchange, zinc for delivery in May declined by 40 paise, or 0.40%, to Rs 110.90 per kg in business turnover of 28 lots.
Likewise, metal prices for delivery in June shed 35 paise, or 0.35%, to Rs 109.85 per kg in 837 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a subdued global trend in the entire base metals on concern that signs of slowing growth from the US to China will curb demand.
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