Zinc futures drop on overseas cues
22/08/2016 16:59
Zinc futures were trading lower during the evening trade in the domestic market on Monday as investors and speculators trimmed their bets amid tracking weak trend in global markets. Further, subdued demand for zinc from consuming industries at the domestic spot market, too influenced zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 153.50 per kg, down by 0.26 per cent, after opening at Rs 153.40, against a previous close of Rs 153.90. It touched the intra-day low of Rs 152.50 (at 16:56 hours).
