Zinc down by 1% on global cues
Speculators reduced their exposure, tracking a weak trend overseas
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Zinc prices fell by 0.97% to Rs 127 per kg in futures trade today after speculators reduced their exposure, tracking a weak trend overseas.
At the Multi Commodity Exchange, zinc for delivery in August eased by Rs 1.25, or 0.97%, to Rs 127 per kg in a business turnover of 14 lots.
Likewise, the metal for delivery in July fell by Rs 1.15, or 0.90%, to Rs 126.40 per kg in 393 lots.
Market analysts said zinc prices fell due to a weak trend in base metals in global markets.
At the Multi Commodity Exchange, zinc for delivery in August eased by Rs 1.25, or 0.97%, to Rs 127 per kg in a business turnover of 14 lots.
Likewise, the metal for delivery in July fell by Rs 1.15, or 0.90%, to Rs 126.40 per kg in 393 lots.
Market analysts said zinc prices fell due to a weak trend in base metals in global markets.
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First Published: Jul 13 2015 | 11:28 AM IST