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commodity update

Muted demand drags down zinc futures by 0.16%

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Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators trimmed their positions in the industrial metal amid a fall in demand from consuming industries at the domestic spot markets.

Further, participants cut down their positions in the industrial metal due to sluggish demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 151.70 per kg, down by 0.16 per cent, after opening at Rs 151.95, against a previous close of Rs 151.95. It touched the intra-day low of Rs 151.60.

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