Zinc futures down 0.15% on weak overseas cues

NEW DELHI: Taking weak cues from the global markets and subdued spot demand, zinc futures prices on Tuesday fell by 0.15 per cent as participants reduced their positions.


At the Multi Commodity Exchange, zinc for delivery in May traded lower by 15 paise, or 0.15 per cent, to Rs 102.30 per kg, with a business turnover of 116 lots.

The metal for delivery in April fell by 10 paise, or 0.10 per cent, to trade at Rs 100.90 per kg in a turnover of 174 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in copper and other base metals overseas on weak industrial output data from Japan and South Korea, raising global demand concerns.