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Zinc futures soften 0.28% on muted demand

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Press Trust of India New Delhi
Zinc futures traded 0.28 per cent lower at Rs 192.50 per kg today as speculators trimmed positions amid subdued demand at the physical markets.

Zinc for delivery in current month also fell by 55 paise, or 0.28 per cent, to Rs 192.60 per kg at the Multi Commodity Exchange, clocking a business turnover of 591 lots.

The metal for delivery in March softened by a similar margin to trade at Rs 192.60 per kg in 61 lots.

Analysts said the weakness in zinc at futures trade was mostly due to trimming of positions by speculators amid a weak trend at the domestic spot markets.
 

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First Published: Feb 21 2017 | 11:28 AM IST

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