Zinc futures fall 0.28% in range-bound trade

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 10:58 PM IST

In range-bound trade, zinc futures fell by 0.28% to Rs 105.65 per kg today as traders reduced their positions due to subdued spot demand. 

However, a better trend at the London Metal Exchange (LME), capped losses.

At the Multi Commodity Exchange, zinc for August delivery fell by 30 paise, or 0.28%, to Rs 105.65 per kg, with a business turnover of 79 lots.

The metal for September delivery also fell by 5 paise, or 0.05%, to Rs 106.65 per kg, with a trade turnover of three lots.    

Analysts said subdued demand at the domestic spot markets mainly led to the fall in zinc futures prices but a better trend at the LME, restricted losses. 

At the LME, zinc gained 0.60% to $2,369 per tonne.

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First Published: Jul 11 2011 | 1:53 PM IST

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