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Zinc declines 0.94% on global cues

Profit-booking influences prices

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 5:29 AM IST

Tracking a subdued trend in base metals at the London Metal Exchange amid sluggish demand, zinc prices fell by 0.94% to Rs 111.20 per kg in futures trade today.

Profit-booking put pressure on the zinc futures.

At the Multi Commodity Exchange, zinc for delivery in October declined by Rs 1.05, or 0.94%, to Rs 111.20 per kg, with a business turnover of 211 lots.

September zinc shed Re 1, or 0.90%, to Rs 110.35 per kg in 1,064 lots.

Marketmen said profit-booking and a weak trend in the entire base metals pack at the London Metal Exchange (LME) on a strong dollar and concerns over Europe's debt worries, led to the fall in zinc futures.

Meanwhile, zinc fell $11.25, or 0.53%, to $2,104.25 per tonne at the LME.

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First Published: Sep 24 2012 | 1:56 PM IST

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