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Zinc futures drop over 1% as traders trim position
29 Jun 2016
Zinc futures were trading lower by over 1 per cent during the afternoon trade in the domestic market on Wednesday as speculators indulged in reducing positions in view of approaching month expiry.

Analysts attributed fall in zinc futures to cutting down of bets by participants ahead of monthly expiry.

At the MCX, zinc futures for June 2016 contract is trading at Rs 139.35 per kg, down by 1.06 per cent, after opening at Rs 140.55, against a previous close of Rs 140.85. It touched the intra-day low of Rs 139.20 (At 15:09 hours).

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