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Zinc futures down 0.67% on lower global trend

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Press Trust of India New Delhi

 Zinc traded lower by 0.67% to Rs 104.25 per kg in futures market today, as speculators offloaded their positions, tracking a weak trend in overseas market.

At the Multi Commodity Exchange, zinc for delivery in December shed 70 paise, or 0.67%, to Rs 104.25 per kg, with a business turnover of 4,397 lots.

Similarly, the metal for delivery in January traded lower by 70 paise, or 0.66%, to Rs 105.20 per kg in 134 lots.

Traders said subdued domestic demand amid weakening global trend mainly helped zinc prices at futures market here.

Meanwhile, zinc declined 1.3% to $2,013 a tonne on the London Metal Exchange.

 

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First Published: Dec 06 2011 | 5:17 PM IST

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