 "Zinc down 0.1% on global cues")
Zinc futures traded a shade lower at Rs 131.75 per kg today as speculators trimmed positions amidst a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 20 paise, or 0.15%, to Rs 131.75 per kg in business turnover of 8 lots.
Likewise, the metal prices for delivery in January shed 15 paise, or 0.11%, to Rs 131.30 per kg in 219 lots.
Market analysts attributed the fall in zinc futures to a weak global trend where copper and other base metals fell as investors await a decision from the European Central Bank on economic stimulus and before a gauge of manufacturing strength in China.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 20 paise, or 0.15%, to Rs 131.75 per kg in business turnover of 8 lots.
Likewise, the metal prices for delivery in January shed 15 paise, or 0.11%, to Rs 131.30 per kg in 219 lots.
Market analysts attributed the fall in zinc futures to a weak global trend where copper and other base metals fell as investors await a decision from the European Central Bank on economic stimulus and before a gauge of manufacturing strength in China.
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