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Zinc futures soften by 0.19% on profit-booking


PTI 10 Aug 2018, 05:26 AM India
  • The metal for delivery in September contracts was trading lower by 30 paise, or 0.17 percent, to Rs 179.65 per kg in 32 lots. (Image Credit: Twitter)

Zinc prices slipped by 0.19 percent to Rs 179.50 per kg in futures market today as speculators booked profits amid easing demand at the spot market.

At the Multi Commodity Exchange, zinc for delivery in August shed 35 paise, or 0.19 percent, to Rs 179.50 per kg in business turnover of 4,973 lots.

The metal for delivery in September contracts was trading lower by 30 paise, or 0.17 percent, to Rs 179.65 per kg in 32 lots.

Analysts said besides profit-booking by participants, fall in demand from consuming industries in the physical market weighed on zinc prices in futures trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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