NEW DELHI, May 20: Zinc prices moved down 0.32 per cent to Rs 142.25 per kg in futures market today as speculators trimmed their positions, in tandem with a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in May contracts dropped 45 paise, or 0.32 per cent, to Rs 142.25 per kg in business turnover of 313 lots.
Likewise, the metal for delivery in June traded lower by 35 paise, or 0.24 per cent, to Rs 143 per kg in business turnover of 42 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) mainly influenced zinc prices in futures trade.
The LME index of six metals tumbled 2.4 per cent on Tuesday to 2,818.8, the biggest fall since January 23. The gauge dropped 6.1 per cent from a 20-week high on May 5. (PTI)
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