 "Zinc falls by 0.7% on weak overseas trend")
Zinc futures fell 0.73% today as participants reduced exposure on a weak trend in base metals in the global market and subdued spot demand.
At the Multi Commodity Exchange, zinc for delivery in October traded lower 80 paise, or 0.73%, to Rs 108.70 per kg, with a business turnover of 91 lots.
The metal for delivery in the current month fell 75 paise, or 0.69%, to Rs 107.35 per kg in a turnover of 666 lots.
Globally, zinc fell as much as 1.5% to $1,633 per tonne at LME, the lowest since June 2010.
At the Multi Commodity Exchange, zinc for delivery in October traded lower 80 paise, or 0.73%, to Rs 108.70 per kg, with a business turnover of 91 lots.
The metal for delivery in the current month fell 75 paise, or 0.69%, to Rs 107.35 per kg in a turnover of 666 lots.
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Traders said the fall in zinc prices in futures trade was mostly in tandem with a weak trend in metal at the London Metal Exchange (LME) where it dropped to the lowest level since 2010 on rising global stock.
Globally, zinc fell as much as 1.5% to $1,633 per tonne at LME, the lowest since June 2010.
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