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Zinc down by 0.2% on global cues

Participants reduced positions amid weakness in copper and other base metals

Press Trust of India New Delhi
Zinc futures fell 0.18% to Rs 138.40 per kg today as participants reduced positions amid weakness in copper and other base metals overseas and subdued domestic demand.

At the Multi Commodity Exchange, zinc for delivery in November traded lower by 25 paise, or 0.18%, to Rs 138.40 per kg, with a business turnover of 15 lots.

The metal for delivery in October shed 15 paise, or 0.11%, to trade at Rs 137.90 per kg in a turnover of 250 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in line with a weakening trend in the base metals overseas and low demand at domestic spot markets.
 

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First Published: Oct 20 2014 | 11:20 AM IST

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