New Delhi: Zinc futures fell 0.50 per cent to Rs 128.95 per kg today as speculators reduced positions amid sluggish domestic demand and weak global trend.

At the Multi Commodity Exchange, zinc prices for delivery in March eased by 65 paise, or 0.50 per cent, to Rs 128.95 per kg in business turnover of 224 lots.

Likewise, the metal prices for delivery in April traded lower by 60 paise, or 0.46 per cent, to Rs 129.35 per kg in five lots.

Market analysts said besides sluggish domestic demand in the spot market, weak global trend on slowing economic growth in China will dampen demand, mainly put pressure on zinc prices in futures trade.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in