Zinc futures prices on Tuesday fell up to 0.55 per cent due to profit-booking by traders following subdued demand in the spot markets.
However, overnight firmness in metal at the London Metal Exchange, restricted losses. At MCX, zinc for delivery in September contract traded 0.45 per cent down at Rs 88.95 a kg in a turnover in 488 lots.
The metal for delivery in October contract also fell by 0.55 per cent to Rs 89.90 a kg, with a turnover in 208 lots. At the London Metal Exchange, zinc closed 0.69 per cent higher at $1,865 a tonne in yesterday's trade. Analysts said emergence of profi t-taking by speculators and subdued trend in metal at spot markets on demand worries mainly attributed to the fall in zinc prices at the futures market here
Source: The Hindu Business Line
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