Zinc down 0.66% on weak global trend

Amid weak trend in global markets, zinc futures today fell marginally by 0.25% to Rs 100.05 per kg.

Also a weak trend at the domestic spot markets due to fall in demand from consuming industries, also put pressure on the zinc futures prices here.

At the Multi Commodity Exchange, the February contract for zinc shed 25 paise, or 0.25%, to Rs 100.05 per kg, with a trade turnover of 447 lots.

The March contract eased by 20 paise, or 0.20%, to Rs 101.25 per kg, with a business volume of 87 lots.

Analysts attributed the fall in zinc futures prices to a weak trend in base metals overseas.

At the London Metal Exchange, zinc traded a shade lower at $2,050 per tonne.