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Zinc declines 1% on global trend

Profit-booking influences prices

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Tracking a weak trend in base metals at the London Metal Exchange amid sluggish demand, zinc prices fell by 1% to Rs 109.20 per kg in futures trade today.

Besides, profit-booking put pressure on the zinc futures.

At the Multi Commodity Exchange, zinc for delivery in September declined by Rs 1.10, or 1%, to Rs 109.20 per kg, with a business turnover of 3,120 lots.

October zinc shed Rs 1.10, or 0.99%, to Rs 109.90 per kg in 164 lots.

Marketmen said profit-booking and a weak trend in the entire base metals pack at the London Metal Exchange (LME), led to a fall in zinc futures.

Meanwhile, zinc fell 1.64% to $1,982 per tonne at the LME.

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First Published: Sep 11 2012 | 12:46 PM IST

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