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Zinc futures traded 0.21% lower at Rs 119.15 per kg today as speculators trimmed positions, tracking a weak global trend.
Zinc for delivery in August declined by 25 paise, or 0.21%, to Rs 119.15 per kg at the Multi Commodity Exchange. It clocked business turnover of 417 lots.
Likewise, the metal for delivery in the September contracts softened by 15 paise, or 0.12%, to Rs 120 per kg in 12 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets as investors await US manufacturing, inflation and housing data this week that may give more clues on the timing of a Federal Reserve rate rise.
