Zinc down by 0.6% on global cues
Speculators indulged in reducing positions after industrial metals retreated in global market
 "Zinc down by 0.6% on global cues")
Zinc futures fell by 0.65% to Rs 99.95 per kg today as speculators indulged in reducing positions after industrial metals retreated in global market.
Zinc for delivery in December shed 65 paise, or 0.65%, to Rs 99.95 per kg at the Multi Commodity Exchange. It clocked a business turnover of 359 lots.
Likewise, the metal for delivery in January softened by 40 paise, or 0.39%, to Rs 101.15 per kg in 11 lots.
Analysts attributed fall in zinc futures to a weak trend at the London Metal Exchange (LME).
Zinc for delivery in December shed 65 paise, or 0.65%, to Rs 99.95 per kg at the Multi Commodity Exchange. It clocked a business turnover of 359 lots.
Likewise, the metal for delivery in January softened by 40 paise, or 0.39%, to Rs 101.15 per kg in 11 lots.
Analysts attributed fall in zinc futures to a weak trend at the London Metal Exchange (LME).
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First Published: Dec 17 2015 | 10:48 AM IST