Zinc prices fell 0.38% to Rs 290.60 per kg in futures trade on Tuesday, driven by weak demand from consuming industries. Analysts cited speculator reduction of exposure and negative cues from the spot market.
New Delhi, Dec 10 (PTI) Zinc prices on Tuesday fell 0.38 per cent to Rs 290.60 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for December delivery traded Rs 1.10 or 0.38 per cent lower at Rs 290.60 per kg in 3,615 lots.
Analysts said the trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
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