 "Zinc down by 0.5% on global cues")
Zinc prices fell by 0.54% to 137.80 per kg in futures trade today after speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in January month declined by 75 paise, or 0.54%, to Rs 137.80 per kg in business turnover of four lots.
Likewise, the metal for delivery in the December contracts softened by 70 paise, or 0.51%, to Rs 137.30 per kg in 185 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets on concern of slowing demand in China, the world's biggest consumer of industrial metals.
At the Multi Commodity Exchange, zinc for delivery in January month declined by 75 paise, or 0.54%, to Rs 137.80 per kg in business turnover of four lots.
Likewise, the metal for delivery in the December contracts softened by 70 paise, or 0.51%, to Rs 137.30 per kg in 185 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets on concern of slowing demand in China, the world's biggest consumer of industrial metals.