Zinc futures shed 1.01% on tepid demand

Zinc futures were trading lower during the noon trade in the domestic market on Wednesday as speculators cut down positions taking weak cues from the spot market. Weakness in metals in domestic spot market owing to slackened demand from consuming industries influenced the prices.

At the MCX, zinc futures for August 2019 contract is trading at Rs 185.95 per kg, down by 1.01 per cent, after opening at Rs 188.10, against a previous close of Rs 187.85. It touched the intra-day low of Rs 185.50.

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