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Zinc futures fell by 0.54% to Rs 138.60 per kg today as speculators reduced positions amid a sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc for delivery in December eased by 75 paise, or 0.54%, to Rs 138.60 per kg in a business turnover of 23 lots.
Likewise, the metal for delivery in November traded lower by 70 paise, or 0.50%, to Rs 138 per kg in 418 lots.
Marketmen said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amid a weak trend at the London Metal Exchange after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals.
