Zinc sheds 0.5% on lower global trend

Zinc prices fell 0.53% to Rs 103.60 per kg in futures trading today on slack demand and weak global trend.

At the Multi Commodity Exchange, zinc for delivery in March traded lower by 55 paise, or 0.53% to Rs 103.60 per kg in business turnover of 2,255 lots.

The April contract shed 45 paise, or 0.52%, at Rs 104.65 per kg in 95 lots.

Market analysts said slackness in demand from consuming industries and weak trend in overseas markets mainly influenced zinc prices at futures trade.

Meanwhile, zinc fell 0.3% to $2,080 a tonne on the London Metal Exchange.