 "Zinc down by 0.6% on low spot demand, global cues")
Amid low domestic demand and weak global trend, zinc prices fell by 0.63% to Rs 109.80 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in July declined by 70 paise, or 0.63%, to Rs 109.80 per kg in business turnover of 556 lots.
Likewise, the metal for delivery in August traded lower by 55 paise, or 0.49%, to Rs 111.15 per kg in 103 lots.
Market analysts said besides sluggish domestic demand in domestic spot market, weak global trend after China's manufacturing weakened further in July, raised concern that slowing economic growth will hurt metals demand, mainly influenced zinc prices at futures trade.
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