NEW DELHI, Dec 16: Amid a weak trend in the global markets and subdued domestic demand, zinc futures fell by 0.45 per cent today as participants reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in December traded lower by 55 paise, or 0.45 per cent, to Rs 122.40 per kg, with a business turnover of 194 lots.
The metal for delivery in January next year fell by 50 paise, or 0.40 per cent, to trade at Rs 123.30 per kg in a turnover of 9 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend overseas where base metals weakened after manufacturing data for China missed estimates and amid speculation that the US central bank will cut stimulus at its two-day Federal Reserve meeting starting tomorrow. (AGENCIES)
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