 "Zinc falls by 0.6% on subdued demand")
Zinc prices today fell 0.58% as speculators reduced positions amid sluggish domestic demand and a weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in November eased by 65 paise, or 0.58%, to Rs 111.30 per kg, in a business turnover of 318 lots.
Likewise, the metal prices for delivery in October shed 50 paise, or 0.45%, to Rs 110.25 per kg in 453 lots.
According to marketmen, the fall in zinc prices was due to sluggish domestic demand at the spot market amid a weak trend in metals at the London Metal Exchange, weighed down by prospects for higher interest rates in the US in December.
