Zinc futures down on subdued demand

Zinc futures were trading lower during the noon trade in the domestic market on Wednesday due to offloading of positions by speculators amid subdued global trend. Traders said weakness in zinc prices in futures trade was mostly due to cutting down of bets by speculators in tandem in line with a weak trend at the spot market.

At the MCX, zinc futures for November 2019 contract is trading at Rs 194.35 per kg, down by 0.38 per cent, after opening at Rs 194.95, against a previous close of Rs 195.10. It touched the intra-day low of Rs 194.20.

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