Zinc down by 0.1% on profit-booking

Firm global cues restricted the losses

Zinc futures were marginally down at Rs 115.90 per kg today as speculators offloaded their positions amid sluggish domestic demand.

 

At the Multi Commodity Exchange, zinc for delivery in August month declined by 10 paise, or 0.09%, to Rs 115.90 per kg in business turnover of 545 lots.

 

The metal for delivery in September also fell by a similar margin to Rs 117.10 per kg in 22 lots.

 

Market analysts said sluggish domestic demand in the spot market and profit-booking by speculators weighed on zinc futures.

     

Firm global cues, however, restricted the losses.