Zinc Futures Dip Amid Profit-Booking

Zinc futures were trading lower in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market.

Analysts said the weakness in zinc at futures trade was mostly attributed to profit-booking by participants at current levels amid a subdued trend at the domestic spot markets due to low demand.

At the MCX, zinc futures for December 2017 contract was trading at Rs 201.15 per kg, down by 0.17 per cent, after opening at Rs 201, against a previous close of Rs 199.85. It touched the intra-day low of Rs 200.80 (at 12:10 hours).

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Suhani Verma

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