Zinc Futures Fall on Weak Demand
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Zinc futures prices fell due to reduced exposure by speculators and slackened demand from consuming industries. Read more.
New Delhi, Mar 17 (PTI) Zinc prices on Tuesday fell 55 paise to Rs 326.60 per kg in futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for April delivery slipped by 55 paise, or 0.17 per cent, to Rs 326.60 per kilogram in a business turnover of 78 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.
On the Multi Commodity Exchange, zinc contracts for April delivery slipped by 55 paise, or 0.17 per cent, to Rs 326.60 per kilogram in a business turnover of 78 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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