Zinc declines on profit-booking, weak global cues

Amid profit-booking by speculators and weak trend overseas, zinc futures traded 0.24% lower at Rs 104.20 per kg.

At the Multi Commodity Exchange, the April contract fell by 25 paise, or 0.24%, to Rs 104.20 per kg, with a business turnover of 1,167 lots.

The May delivery also shed 25 paise, or 0.24%, to Rs 105.05 per kg, with a business volume of 85 lots.

At the London Metal Exchange (LME), zinc declined by 0.8% to $2,024.75 per tonne.

Analysts attributed the fall in zinc futures to a weak trend in the entire base metals at the LME and profit-booking by speculators.