Zinc down 1.3% on global cues
Prices fell as subdued domestic demand
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Zinc futures for May traded lower by Rs 1.30, or 1.33%, to Rs 100.20 per kg in 247 lots.
At the Multi Commodity Exchange (MCX), the April contract fell by Rs 1.45, or .25% to Rs 98.65 per kg in 2,855 lots.
Zinc prices fell as speculators reduced their positions amid subdued domestic demand.
At the London Metal Exchange (LME) zinc lost 3.2%.
Weak trend overseas where base metals weakened were triggered on demand concern as the International Monetary Fund (IMF) lowered its outlook for world economy.
At the Multi Commodity Exchange (MCX), the April contract fell by Rs 1.45, or .25% to Rs 98.65 per kg in 2,855 lots.
Zinc prices fell as speculators reduced their positions amid subdued domestic demand.
At the London Metal Exchange (LME) zinc lost 3.2%.
Weak trend overseas where base metals weakened were triggered on demand concern as the International Monetary Fund (IMF) lowered its outlook for world economy.
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First Published: Apr 18 2013 | 2:23 PM IST