 "Zinc down by 0.7% on lower global trend")
Taking weak cues from the global market and muted demand at domestic spot market, zinc prices were down by 0.67% to Rs 103.35 per kg in futures trade today as participants offloaded positions.
At the Multi Commodity Exchange, zinc for delivery in December fell by 70, or 0.67%, to Rs 103.35 per kg in business turnover of 318 lots.
Similarly, the metal for delivery in November moved down by 55 paise, or 0.54%, to Rs 102 per kg in 495 lots.
Furthermore, subdued demand at the spot market fuelled the downtrend, they said.
At the Multi Commodity Exchange, zinc for delivery in December fell by 70, or 0.67%, to Rs 103.35 per kg in business turnover of 318 lots.
Similarly, the metal for delivery in November moved down by 55 paise, or 0.54%, to Rs 102 per kg in 495 lots.
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Analysts attributed fall in zinc futures to a weakening trend in base metals pack at the London Metal Exchange (LME).
Furthermore, subdued demand at the spot market fuelled the downtrend, they said.