Zinc down 0.28% on global cues, profit-booking

Metal for delivery in August down 0.25%

Zinc prices fell 0.28% to Rs 142.10 per kg in futures trade today as speculators locked in profits amidst negative cues from overseas markets.

Besides, sluggish demand in domestic spot markets fuelled the downtrend.

At the Multi Commodity Exchange, zinc for delivery in current month traded lower by 40 paise, or 0.28%, to Rs 142.10 per kg in a business turnover of 521 lots.

Similarly, the metal for delivery in August shed 35 paise, or 0.25%, to Rs 142.45 per kg in 74 lots.

Market analysts attributed the fall in zinc futures to a weak global trend and profit-booking by speculators at prevailing levels.