Zinc futures fall 1.13 on global cues

At the Multi Commodity Exchange,zinc for delivery in August declined by Rs 1.15,or 1.13 per cent,to Rs 100.60 per kg,with a business turnover of 1,345 lots.

Similarly,the metal for September contract delivery shed Rs 1.05,or 1.02 per cent,to Rs 101.45 per kg in 257 lots.

Market analysts attributed the rise in zinc futures prices to a weakening trend on the London Metal Exchange,besides subdued demand in the spot market.

Meanwhile,zinc fell by 1.3 per cent to USD 2,200 a metric tonne on the London Metal Exchange.