NEW DELHI, Jan 31: Zinc futures fell by 0.20 per cent to Rs 124 per kg as participants reduced positions taking cues from the global markets amid subdued demand at domestic spot markets.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 25 paise, or 0.20 per cent, to Rs 124 per kg, with a business turnover of 89 lots.
The metal for delivery in January fell by 15 paise, or 0.12 per cent, to trade at Rs 123.05 per kg in a turnover of 159 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak trend in base metals pack at the London Metal Exchange on concern that slowing economic growth in China, the world’s largest user, may weaken demand for the metal. (AGENCIES)
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