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Zinc weakens on subdued demand, global cues

August contract declines 0.34%

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

Zinc prices weakened by 0.34% to Rs 102.25 per kg in futures market today on subdued domestic demand amid a weak global trend.

At the Multi Commodity Exchange, zinc for delivery in August traded lower by 35 paise, or 0.34%, to Rs 102.25 per kg, with a business turnover of 2,946 lots.

The September contract shed 30 paise, or 0.29%, to Rs 103 per kg in 139 lots.

Marketmen attributed the decline in zinc futures to subdued domestic demand and a weak trend in the overseas markets.

Meanwhile, zinc lost 0.7% to $1,846.25 a tonne on the London Metal Exchange.

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First Published: Aug 10 2012 | 2:55 PM IST

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