Zinc down 0.68% on global cues

Concerns that stimulus measures will fail to revive economies, deteriorating European debt crisis influences prices

Zinc futures today traded lower by 0.68% to Rs 109.35 per kg as speculators engaged in reducing positions, taking negative cues from global markets.

At the Multi Commodity Exchange, zinc for delivery in September lost 75 paise, or 0.68%, to Rs 109.35 per kg, with a business turnover of 953 lots.

October zinc weakened by 65 paise, or 0.59%, to Rs 110.45 per kg, with a business turnover of 370 lots.

Marketmen attributed the weakness in zinc futures to a weak global trend on concerns that stimulus measures from central banks probably would not boost economies and the deteriorating European debt crisis.