Zinc sheds 0.27% on profit-booking

Subdued offtake from consuming industries adds to pressure in futures trade

Zinc futures were marginally down by 0.27 per cent to Rs 131.15 per kg today amidst profit-booking by speculators and subdued spot demand.

At the Multi Commodity Exchange, zinc for delivery in June traded lower by 35 paise, or 0.27 per cent to Rs 131.15 per kg in business turnover of 291 lots.

July zinc shed 30 paise, or 0.23 per cent to Rs 131.80 per kg in 58 lots.

Market analysts said besides profit-booking, subdued demand from consuming industries in the spot market kept pressure on zinc prices at futures trade.