Zinc down 0.2% on weak overseas trend
Marketmen said weakness in copper and other base metals at the London Metal Exchange as strengthening dollar reduced demand for the industrial metals kept pressure on zinc
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Zinc futures edged lower by 0.21% to Rs 140.75 per kg today as speculators reduced positions amid weak cues from overseas markets.
At the Multi Commodity Exchange, zinc for delivery in October shed 30 paise, or 0.21%, to Rs 140.75 per kg, with a business turnover of 223 lots.
The metal for delivery in November fell by a similar margin to Rs 141.50 per kg in a turnover of 3 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange as strengthening dollar reduced demand for the industrial metals kept pressure on zinc futures.
At the Multi Commodity Exchange, zinc for delivery in October shed 30 paise, or 0.21%, to Rs 140.75 per kg, with a business turnover of 223 lots.
The metal for delivery in November fell by a similar margin to Rs 141.50 per kg in a turnover of 3 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange as strengthening dollar reduced demand for the industrial metals kept pressure on zinc futures.
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First Published: Oct 01 2014 | 11:44 AM IST