 "Zinc prices down by 0.6% on global cues")
Zinc prices fell by 0.57% to 104.55 per kg in futures trade today after speculators lightened their positions, tracking a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in the current month declined by 60 paise, or 0.57%, to Rs 104.55 per kg, in a business turnover of 495 lots.
Likewise, the metal for delivery in January next year softened by 55 paise, or 0.52%, to Rs 105.60 per kg in 109 lots.
Globally, zinc prices were down by 0.40% at the LME.
At the Multi Commodity Exchange, zinc for delivery in the current month declined by 60 paise, or 0.57%, to Rs 104.55 per kg, in a business turnover of 495 lots.
Likewise, the metal for delivery in January next year softened by 55 paise, or 0.52%, to Rs 105.60 per kg in 109 lots.
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Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in the base metals pack at the London Metal Exchange (LME).
Globally, zinc prices were down by 0.40% at the LME.