Zinc prices declined on the Multi Commodity Exchange (MCX) due to reduced demand from consuming industries. Speculators also cut their positions, contributing to the price drop.
New Delhi, Sep 10 (PTI) Zinc prices on Tuesday fell 1.01 per cent to Rs 254 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 September delivery traded Rs 2.60 or 1.01 per cent lower at Rs 254 per kg in 677 lots.
Analysts said 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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