 "Zinc down 0.6% on subdued demand, global cues")
Amid sluggish domestic demand and a weak global trend, zinc prices fell 0.66% to Rs 128.80 per kg in futures trade today.
At the Multi Commodity Exchange, zinc for delivery in January traded lower by 85 paise, or 0.66%, to Rs 128.80 per kg with a business turnover of 606 lots.
Likewise, the metal for delivery in February down by 80 paise, or 0.61%, to 129.40 per kg, with a business turnover of 17 lots.
Marketmen said besides weak spot demand, a weak global trend after a gauge of China's services industry fell, stoking concern that demand will weaken in the biggest consumer, weighed on the zinc futures prices.
At the Multi Commodity Exchange, zinc for delivery in January traded lower by 85 paise, or 0.66%, to Rs 128.80 per kg with a business turnover of 606 lots.
Likewise, the metal for delivery in February down by 80 paise, or 0.61%, to 129.40 per kg, with a business turnover of 17 lots.
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Globally, zinc prices fell 0.9% at the London Metal Exchange.
Marketmen said besides weak spot demand, a weak global trend after a gauge of China's services industry fell, stoking concern that demand will weaken in the biggest consumer, weighed on the zinc futures prices.