Zinc futures down 0.18% on global cues, sluggish demand

NEW DELHI, Oct 20: Zinc futures fell 0.18 per cent to Rs 138.40 per kg today as participants reduced positions amid weakness in copper and other base metals overseas and subdued domestic demand.

At the Multi Commodity Exchange, zinc for delivery in November traded lower by 25 paise, or 0.18 per cent, to Rs 138.40 per kg, with a business turnover of 15 lots.

The metal for delivery in October shed 15 paise, or 0.11 per cent, to trade at Rs 137.90 per kg in a turnover of 250 lots.

Marketmen said the fall in zinc prices at futures trade was mostly in line with a weakening trend in the base metals overseas and low demand at domestic spot markets. (PTI)

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