Zinc futures down 0.92 pc on global cues

NEW DELHI, Jan 29: Zinc futures prices today fell by 0.92 per cent to Rs 123.90 per kg as participants reduced their positions largely in line with a weakening trend overseas and subdued domestic spot demand.
At the Multi Commodity Exchange, zinc for delivery in January traded lower by Rs 1.15, or 0.92 per cent, to Rs 123.90 per kg, with a business turnover of 782 lots.
The metal for delivery in February fell by Rs 1.15, or 0.91 per cent to Rs 124.85 per kg in a turnover of 182 lots.
Globally, zinc prices fell 0.40 per cent to USD 2,004 per tonne at the London Metal Exchange.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak overseas as investors awaited outcome of the Federal Reserve’s meeting today and subdued demand at the spot markets. (AGENCIES)

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