NEW DELHI, Oct 8: Zinc prices moved down 0.45 per cent to Rs 110.55 per kg in futures market today as speculators reduced their positions, in tandem with a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in November contracts shed 50 paise, or 0.45 per cent, to Rs 110.55 per kg, in a business turnover of 7 lots.
Likewise, the metal for delivery in October traded lower by 40 paise, or 0.36 per cent, to Rs 109.55 per kg in a business turnover of 281 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) on signs of a weak demand outlook in China, the world’s biggest consumer, mainly put pressure on zinc prices in futures trade. (PTI)
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