Zinc down over 1% on weak global cues
Sluggish domestic demand had a negative impact
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Zinc futures for March fell by Rs 1.15, or 1.10%, to Rs 103.55 per kg in 1,272 lots.
At the Multi Commodity Exchange (MCX), the April contract fell by Rs 1.05, or 0.99%, to trade at Rs 104.95 per kg in 161 lots.
Sluggish domestic demand had a negative impact.
Weak trend in base metals at the London Metal Exchange (LME) was triggered by unprecedented levy on Cyprus bank deposits that reignited concern over Europe's debt crisis raised demand concerns.
Demand concerns led to the fall in zinc futures trade here.
At the Multi Commodity Exchange (MCX), the April contract fell by Rs 1.05, or 0.99%, to trade at Rs 104.95 per kg in 161 lots.
Sluggish domestic demand had a negative impact.
Weak trend in base metals at the London Metal Exchange (LME) was triggered by unprecedented levy on Cyprus bank deposits that reignited concern over Europe's debt crisis raised demand concerns.
Demand concerns led to the fall in zinc futures trade here.
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First Published: Mar 18 2013 | 2:25 PM IST