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Zinc futures shed 0.86% on tepid demand

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Press Trust of India New Delhi
Last Updated : Aug 01 2019 | 2:45 PM IST

Zinc prices eased 0.86 per cent to Rs 190.60 per kg in futures trade Thursday as speculators cut down positions taking weak cues from the spot market.

On Multi Commodity Exchange, zinc for delivery in August declined Rs 1.65, or 0.86 per cent, to Rs 190.60 per kg in a business turnover of 3,935 lots.

Zinc contracts for September delivery shed Rs 1.35, or 0.7 per cent, to Rs 192.15 per kg in a business turnover of 204 lots.

Marketmen said weakness in metals in the domestic spot market owing to slackened demand from consuming industries mainly influenced prices.

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First Published: Aug 01 2019 | 2:45 PM IST

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