 "Zinc falls by 0.6% on subdued demand")
Zinc prices today fell 0.58% as speculators reduced positions amid sluggish domestic demand and a weak global trend.
At the Multi Commodity Exchange, zinc prices for delivery in November eased by 65 paise, or 0.58%, to Rs 111.30 per kg, in a business turnover of 318 lots.
Likewise, the metal prices for delivery in October shed 50 paise, or 0.45%, to Rs 110.25 per kg in 453 lots.
According to marketmen, the fall in zinc prices was due to sluggish domestic demand at the spot market amid a weak trend in metals at the London Metal Exchange, weighed down by prospects for higher interest rates in the US in December.
At the Multi Commodity Exchange, zinc prices for delivery in November eased by 65 paise, or 0.58%, to Rs 111.30 per kg, in a business turnover of 318 lots.
Likewise, the metal prices for delivery in October shed 50 paise, or 0.45%, to Rs 110.25 per kg in 453 lots.
According to marketmen, the fall in zinc prices was due to sluggish domestic demand at the spot market amid a weak trend in metals at the London Metal Exchange, weighed down by prospects for higher interest rates in the US in December.