Zinc marginally down 0.2% on profit-booking
Marketmen say weakness in copper and other base metals at the LME mainly kept pressure on zinc futures trade
 "Zinc marginally down 0.2% on profit-booking")
Amid profit-booking by speculators and weak trend overseas, zinc futures prices today edged lower by 0.23% to Rs 107.60 per kg.
At the Multi Commodity Exchange, zinc for delivery in June shed 25 paise, or 0.23%, to Rs 107.60 per kg, with a business turnover of 695 lots.
Zinc for delivery in July fell by a similar margin to Rs 108.80 per kg in a turnover of 15 lots.
Marketmen said besides profit-booking, weakness in copper and other base metals at the London Metal Exchange before the US Federal Reserve's meeting outcome, mainly kept pressure on zinc futures trade.
At the Multi Commodity Exchange, zinc for delivery in June shed 25 paise, or 0.23%, to Rs 107.60 per kg, with a business turnover of 695 lots.
Zinc for delivery in July fell by a similar margin to Rs 108.80 per kg in a turnover of 15 lots.
Marketmen said besides profit-booking, weakness in copper and other base metals at the London Metal Exchange before the US Federal Reserve's meeting outcome, mainly kept pressure on zinc futures trade.