Zinc futures down 0.76% on global cues

Zinc prices fell by 0.76 per cent to 176.55 per kg in futures trade today after speculators lightened their positions, tracking a weak global trend.
In futures trading at the Multi Commodity Exchange, zinc for delivery in the current month declined by Rs 1.35, or 0.76 per cent, to Rs 176.55 per kg, in a business turnover of 338 lots.
Likewise, the metal for delivery in January next year softened by Rs 1.25, or 0.70 per cent, to Rs 176.95 per kg in 21 lots.
Analysts said that the weakness in zinc at futures trade could be attributed to a muted trend in the base metals pack at the London Metal Exchange (LME).

Globally, zinc prices were down by 0.50 per cent at the LME.