 "Zinc down 0.2% on global cues, subdued spot demand")
Zinc futures prices today fell 0.29% to Rs 121.95 per kg as participants reduced their positions, taking cues from the global markets amid subdued demand at domestic spot markets.
At the Multi Commodity Exchange, zinc for delivery in April traded lower by 35 paise, or 0.29%, to Rs 121.95 per kg, with a business turnover of 14 lots.
The metal for delivery in March fell by 10 paise, or 0.08%, to trade at Rs 121 per kg in a turnover of 246 lots.
Marketmen said the fall in zinc prices at futures trade was mostly attributed to a weak trend overseas on speculation that metals demand will slow as US Federal Reserve policy makers signalled a rise in interest rates by next year while further reducing monetary stimulus.
At the Multi Commodity Exchange, zinc for delivery in April traded lower by 35 paise, or 0.29%, to Rs 121.95 per kg, with a business turnover of 14 lots.
The metal for delivery in March fell by 10 paise, or 0.08%, to trade at Rs 121 per kg in a turnover of 246 lots.
Marketmen said the fall in zinc prices at futures trade was mostly attributed to a weak trend overseas on speculation that metals demand will slow as US Federal Reserve policy makers signalled a rise in interest rates by next year while further reducing monetary stimulus.
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