 "Zinc falls by 0.2% on global cues")
Zinc futures traded 0.18% lower at Rs 111.85 per kg today as speculators trimmed positions, tracking a weak global trend.
Zinc for delivery in October declined by 20 paise, or 0.18%, to Rs 111.85 per kg at the Multi Commodity Exchange,clocking a business turnover of 565 lots.
The metal for delivery in the November softened by a similar margin to trade at Rs 113 per kg in 50 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 after the Federal Reserve hinted at a possible US interest rate hike in December, strengthening dollar and eroded demand for commodities.
Zinc for delivery in October declined by 20 paise, or 0.18%, to Rs 111.85 per kg at the Multi Commodity Exchange,clocking a business turnover of 565 lots.
The metal for delivery in the November softened by a similar margin to trade at Rs 113 per kg in 50 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 after the Federal Reserve hinted at a possible US interest rate hike in December, strengthening dollar and eroded demand for commodities.
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