NEW DELHI, Nov 5: Zinc futures fell by 0.54 per cent to Rs 138.60 per kg today as speculators reduced positions amid a sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc for delivery in December eased by 75 paise, or 0.54 per cent, to Rs 138.60 per kg in a business turnover of 23 lots.
Likewise, the metal for delivery in November traded lower by 70 paise, or 0.50 per cent, to Rs 138 per kg in 418 lots.
Marketmen said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amid a weak trend at the London Metal Exchange after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals. (PTI)
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