NEW DELHI: Tracking weak global market, zinc prices drifted by Rs 1.50 or 1.56 per cent to Rs 94.40 per kg in futures trade on Friday. Subdued demand for the metal at the spot market also put pressure on the zinc prices.
At the Multi Commodity Exchange, zinc for June contract shed Rs 1.50, or 1.56 per cent to Rs 94.40 a kg, with an open interest of 647 lots.
The metal for delivery in May contract also traded Rs 1.45 or 1.52 per cent to Rs 93.80 a kg, with an open interest of 6,294 lots.
Meanwhile, at Shanghai, the metal traded 464 yuan or 2.69 per cent to 16,790 yuan per tonne, while at the London Metal Exchange it fell by $32 or 1.51 per cent to $2,083 per tonne. – PTI
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