 "Zinc down 0.59% on subdued demand, weak global cues")
Zinc futures prices today fell 0.59 per cent to Rs 127.20 per kg as speculators reduced positions amid sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in June declined by 75 paise, or 0.59 per cent, to Rs 127.20 per kg in business turnover of 300 lots.
July zinc shed 70 paise, or 0.58 per cent, to Rs 128.05 per kg in 34 lots.
The US Federal Reserve continuing its cut in monthly bond-purchase programme also has a negative impact on the broader-market, they added.
At the Multi Commodity Exchange, zinc prices for delivery in June declined by 75 paise, or 0.59 per cent, to Rs 127.20 per kg in business turnover of 300 lots.
July zinc shed 70 paise, or 0.58 per cent, to Rs 128.05 per kg in 34 lots.
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Market analysts said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amidst a weak trend in base metals at the London Metal Exchange.
The US Federal Reserve continuing its cut in monthly bond-purchase programme also has a negative impact on the broader-market, they added.
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