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Indian zinc futures marginally down on profit booking


Post Date: 09 Jun 2013    Viewed: 384

PTI reported that amid profit booking by speculators and sluggish subdued demand, zinc futures prices today edged lower by 0.23% to INR 109.80 per kilogram. However, metal's gain at the London Metal Exchange limited the fall.


At the Multi Commodity Exchange, zinc for delivery in July shed 25 paise, or 0.23% to INR 109.80 per kilogram with a business turnover of 55 lots. The metal for delivery in June shed 20 paise or 0.18% to INR 108.75 per kilogram with a business turnover of 1,455 lots.


Marketmen said that besides subdued trend in the spot market, profit booking by speculators mainly put presure on zine futures trade.


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