Zinc falls on lower global trend

PTI New Delhi | Updated on February 22, 2011

Taking negative cues from the global markets, zinc futures prices fell by 1.77 per cent to Rs 113.50 a kg in futures trade today.

Subdued demand in the spot market also weighed on the zinc futures prices here. At the Multi Commodity Exchange, zinc for delivery in February declined by Rs 2.05 or 1.77 per cent to Rs 113.50 a kg, with a business turnover of 40 lots.

The metal for delivery in March traded lower by Rs 1.85 or 1.59 per cent to Rs 114.65 a kg, with a business volume of 27 lots.

Market analysts said weakening trend in the entire base metals pack and sluggish demand at the domestic market mainly led to the fall in prices here.

Meanwhile, zinc fell 2.9 per cent, to $2,520 a tonne on the London Metal Exchange.

Published on February 22, 2011

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