NEW DELHI, July 10: Amid low domestic demand and weak global trend, zinc prices fell by 0.36 per cent to Rs 112.05 per kg in futures trade today as speculators reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in August declined by 40 paise, or 0.36 per cent, to Rs 112.05 per kg in business turnover of eight lots.
Likewise, the metal for delivery in July traded lower by 35 paise, or 0.32 per cent, to Rs 110.65 per kg in 285 lots.
Globally, zinc fell 0.5 per cent to USD 1,859 per tonne at the London Metal Exchange.
Market analysts said besides sluggish domestic demand in the domestic spot market, weak global trend following unexpected decline in China’s exports and importers, raised concern that slowing economic growth will hurt metals demand, mainly influenced zinc prices at futures trade. (PTI)
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