 "Zinc down 0.16% on global cues, subdued demand")
Zinc futures prices today fell 0.16 per cent to Rs 122.65 per kg as participants indulged in reducing positions amid a weak trend overseas and domestic spot markets due to subdued demand.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 20 paise, or 0.16 per cent, to Rs 122.65 per kg, with a business turnover of 99 lots.
The metal for delivery in March fell 10 paise, or 0.08 per cent, to trade at Rs 123.45 per kg in a turnover of 13 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak trend in the entire base metals pack at the London Metal Exchange on demand concern after manufacturing slowed in China and the US, the world's top metals consumers.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 20 paise, or 0.16 per cent, to Rs 122.65 per kg, with a business turnover of 99 lots.
The metal for delivery in March fell 10 paise, or 0.08 per cent, to trade at Rs 123.45 per kg in a turnover of 13 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in line with a weak trend in the entire base metals pack at the London Metal Exchange on demand concern after manufacturing slowed in China and the US, the world's top metals consumers.
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