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Zinc futures prices fell by 0.54% today as participants reduced positions amid a weak trend in base metals at the London Metal Exchange.
At the Multi Commodity Exchange, zinc for delivery in November traded lower by 65 paise, or 0.54%, to Rs 119.35 per kg, with a business turnover of 199 lots.
The metal for delivery in current month fell by 60 paise, or 0.51%, to trade at Rs 118.20 per kg in a turnover of 155 lots.
Marketmen said the fall in zinc prices at futures trade was mostly in tandem with a weak overseas trend where base metals weakened as the US Federal Reserve fuelled speculation that it will start tapering stimulus in coming months, weighed on zinc futures prices.
