Zinc sheds 1.13% in futures trade on global cues

Zinc futures traded 1.13% lower at Rs 96 per kg as speculators preferred to reduce their positions driven by a weak trend in the base metals at the London Metal Exchange (LME).

At the Multi Commodity Exchange, zinc for delivery in May fell by Rs 1.10, or 1.13% to Rs 96 per kg, with a business turnover of 618 lots.

The metal for June delivery also fell by Rs 1.10, or 1.12% to Rs 97.25 per kg, with a business volume of 96 lots.

Analysts attributed the decline in zinc futures to a subdued trend in the base metals at the LME and a stronger dollar, which eroded demand for commodities.