 "Zinc marginally down on overseas cues")
Zinc futures prices today edged lower by 0.19% to Rs 103.05 per kg amid a firm global trend, as speculators trimmed positions.
At the Multi Commodity Exchange (MCX), the June contract shed 20 paise, or 0.19%, to Rs 103.05 per kg in 25 lots.
The May contract gained 5 paise, or 0.05%, to Rs 100.25 per kg in 602 lots.
Marketmen said besides subdued trend in the spot market, a weakening trend in copper and other base metals overseas on concern slowing growth in China may hurt demand in the world's biggest consumer of industrial metals, put pressure on zinc prices at futures trade.
At the Multi Commodity Exchange (MCX), the June contract shed 20 paise, or 0.19%, to Rs 103.05 per kg in 25 lots.
The May contract gained 5 paise, or 0.05%, to Rs 100.25 per kg in 602 lots.
Marketmen said besides subdued trend in the spot market, a weakening trend in copper and other base metals overseas on concern slowing growth in China may hurt demand in the world's biggest consumer of industrial metals, put pressure on zinc prices at futures trade.