NEW DELHI, Feb 20: Amid a weak trend in the global markets and sluggish domestic demand, zinc futures fell 0.59 per cent to Rs 127.40 per kg today as participants reduced their positions.
At the Multi Commodity Exchange, zinc for delivery in February traded lower by 75 paise, or 0.59 per cent, to Rs 127.40 per kg, with a business turnover of 195 lots.
The metal for delivery in March fell by 65 paise, or 0.51 per cent, to Rs 127.95 per kg in a turnover of 21 lots.
Marketmen said the fall in zinc prices at futures trade was mostly due to subdued spot demand and a weak trend in the base metals overseas after more-than-expected decline in Chinese manufacturing, raising demand concerns. (AGENCIES)
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