Zinc down on global cues

Zinc futures prices fell by 0.19% today as speculators trimmed their positions in tandem with a weakening trend in global markets.

At the Multi Commodity Exchange, March zinc traded 20 paise, or 0.19%, lower at Rs 103.40 per kg, with a turnover of 465 lots.

The April delivery fell by similar margin to Rs 104.45 per kg, with a business turnover of 51 lots.

Market analysts said reports of a weakening trend in the base metals at the London Metal Exchange (LME) mainly put pressure on the zinc prices at futures trade here.

Meanwhile, zinc fell 0.3% to $2,071.25 a tonne on the LME.