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Zinc futures down on muted demand

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New Delhi: Zinc prices on Thurs fell by 1.31 per cent to Rs 192.80 per kg inside futures trade as investors reduced their exposure getting negative cues from the location market. On the Multi Item Exchange, zinc contracts for that September delivery were trading lower by Rs 2.55, or 1.31 per cent, at Rs 192.80 per kg throughout 2,542 lots. Industry analysts said offloading of placements by participants owing to slackened demand from consuming companies in the physical market primarily weighed on zinc costs here.

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