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Zinc futures extend slide on weak spot cues

Press Trust of India  |  New Delhi 

prices fell further by 0.48 per cent to Rs 216.40 per kg in futures trading today as speculators reduced their positions, tracking a weak trend at the spot market on muted demand.

At the Multi Commodity Exchange, for delivery in June month fell by Rs 1.05, or 0.48 per cent to Rs 216.40 per kg in business turnover of 890 lots.

Similarly, the for delivery in July contracts 1, or 0.46 per cent to Rs 216.30 per kg in 9 lots.

Analysts said trimming of positions by participants due to fall in demand from consuming industries in the physical market mainly kept prices weak at futures trade.

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

First Published: Wed, June 13 2018. 11:25 IST