Zinc down by 0.2% on global cues
Speculators reduced their positions amid a weakening trend in Asian trade
 "Zinc down by 0.2% on global cues")
Amid a weak trend in base metals in global markets, zinc prices fell by 0.22% to Rs 137.90 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in January eased by 30 paise, or 0.22%, to Rs 137.90 per kg in a business turnover of 326 lots.
Likewise, the metal for delivery in February contracts fell by a similar margin to Rs 138.75 per kg in three lots.
Analysts said the weakness in zinc at futures trade was mostly due to a weak trend in base metals at the London Metal Exchange amid concern consumption is slowing and that Greece could exit the euro area.
At the Multi Commodity Exchange, zinc for delivery in January eased by 30 paise, or 0.22%, to Rs 137.90 per kg in a business turnover of 326 lots.
Likewise, the metal for delivery in February contracts fell by a similar margin to Rs 138.75 per kg in three lots.
Analysts said the weakness in zinc at futures trade was mostly due to a weak trend in base metals at the London Metal Exchange amid concern consumption is slowing and that Greece could exit the euro area.