Zinc futures down 0.29% on subdued demand, weak global cues

NEW DELHI, Oct 29:  Zinc futures fell 0.29 per cent to Rs 137.80 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 October declined by 60 paise, or 0.29 per cent, to Rs 137.80 per kg in a business turnover of 206 lots.
Likewise, the metal prices for delivery in November traded lower by 35 paise, or 0.25 per cent, to Rs 138 per kg in 31 lots.
Market analysts said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amid a weak trend in base metals at the London Metal Exchange before the US Federal Reserve concludes its policy meeting. (PTI)


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