NEW DELHI, July 1: Zinc futures traded a shade lower at Rs 133.20 per kg today as speculators trimmed positions amidst a weak global trend.
At the Multi Commodity Exchange, zinc for delivery in July traded lower by 30 paise, or 0.15 per cent, to Rs 133.20 per kg in business turnover of 1,307 lots.
Likewise, the metal prices for delivery in August shed 5 paise, or 0.04 per cent, to Rs 133.95 per kg in 33 lots.
Market analysts attributed the fall in zinc futures to a weak global trend where it fell from the highest since February last year as some investors judged the recent rally as excessive, spurring selling.
Meanwhile, zinc for delivery in three months retreated by 0.6 per cent, the most since June 24, to USD 2,204 a tonne on the London Metal Exchange. (PTI)
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