Zinc down 0.5% on weak overseas cues
Subdued domestic spot demand affected the trade
)
Taking weak cues from the global markets and subdued spot demand, zinc futures prices today fell by 0.49% as participants reduced their positions.
At the Multi Commodity Exchange (MCX), the May contract traded lower by 50 paise, or 0.49%, to Rs 100.90 per kg in 400 lots.
The June contract fell by a similar margin to Rs 102 per kg in 18 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in copper and other base metals overseas.
At the Multi Commodity Exchange (MCX), the May contract traded lower by 50 paise, or 0.49%, to Rs 100.90 per kg in 400 lots.
The June contract fell by a similar margin to Rs 102 per kg in 18 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in copper and other base metals overseas.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 14 2013 | 2:21 PM IST