Zinc Prices Edge Lower in Futures Trade on Profit-Booking

New Delhi, Jun 4 (PTI) Zinc prices slipped by 35 paise to Rs 372.95 per kilogram in futures trade on Thursday as traders booked profits after recent gains, despite a positive trend in the overseas markets.

On the Multi Commodity Exchange (MCX), the most-traded contract for June fell by 35 paise, or 0.09 per cent, to Rs 372.95 per kg in a business turnover of 2,847 lots.


Market participants said the decline was largely driven by profit-booking at prevailing levels, although firm global trend limited the downside.

In the international markets, zinc futures on the London Metal Exchange (LME) edged up to USD 3,597.45 per metric tonne.

Analysts said gains in the overseas markets reflected optimism over industrial metals demand, but domestic traders remained cautious amid mixed signals from global economic indicators.