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Zinc futures down on muted demand

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Non-Ferrous 02 Feb 2024 03:04 PM IST PTI

Zinc prices on Friday fell 0.25% to ₹220.35 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by 55 paise or 0.25% at ₹220.35 per kg in 3,615 lots.

Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.