Zinc futures fall in range-bound trade
In range-bound trade, zinc futures fell by 0.54 per cent today as traders indulged in reducing their positions, taking cues from weak global marketers amid subdued domestic demand.
At the Multi Commodity Exchange , zinc for delivery in July fell by 50 paise, or 0.54 per cent, to Rs 101 per kg, with a business turnover of 257 lots.
The metal for delivery in August also fell by the same margin to Rs 101.90 per kg, with a trade turnover of six lots.
Analysts said a weakening trend in base metals at the London Metal Exchange (LME) and sluggish demand in the domestic market led to the fall in zinc futures prices.
At the LME, zinc declined by 0.60 per cent to USD 2,241 per tonne.