NEW DELHI, Sept 17: Zinc futures softened by 0.36 per cent to Rs 139.45 per kg in futures trading today as speculators preferred to book profits at prevailing levels even as the metal strengthened at London Metal Exchange (LME).
At the Multi Commodity Exchange, zinc for delivery in current month weakened by 50 paise, or 0.36 per cent, to Rs 139.45 per kg in a business turnover of 318 lots.
In a similar way, the metal for delivery in October traded lower by 35 paise, or 0.25 per cent, to Rs 140.15 per kg in 34 lots.
Analysts said the fall in zinc at futures trade was mostly due to profit-booking by speculators and low demand at the spot market.
However, gains in base metals pack at the LME after a report that China’s central bank intensified stimulus measures to support growth, boosting demand prospects in the biggest consumer, restricted the losses. (PTI)
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