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Zinc futures drop on profit-booking, low spot demand

Press Trust of India  |  New Delhi 

Zinc futures fell 0.19 per cent today as participants cut down their bets on a weak trend in base metals in the spot markets due to profit-booking at current levels amid weak demand from consuming industries at the spot markets.

At the Multi Commodity Exchange, zinc for delivery in August contracts was trading lower by 35 paise, or 0.19 per cent, to Rs 182.90 per kg, with a business turnover of 777 lots.

The metal for delivery in September fell by 30 paise, or 0.16 per cent to trade at Rs 13.45 per kg in a turnover of 12 lots.

Traders said the fall in zinc prices in futures trade was mostly in tandem with a weak trend in the base metals pack at the physical markets on weak demand.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 11:32 IST