Zinc futures soften 0.68 pc in-line with global trend

Zinc futures traded 0.68 per cent lower at Rs 189.20 per kg today after speculators trimmed positions, tracking a weak global trend.

In futures trading at Multi Commodity Exchange, zinc for delivery in January declined Rs 1.30, or 0.68 per cent, to Rs 189.20 per kg. It clocked a business turnover of five lots.

On similar lines, the metal for delivery in December softened by Rs 1.25, or 0.66 per cent, to Rs 188.80 per kg in 459 lots.

Market analysts said weakness in zinc futures trade was mostly due to a falling trend in base metals pack amid profit-taking by speculators at prevailing level.