Zinc futures fell over 1 per cent during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the industrial metal weighed down by risk aversion due to uncertainty in the market about geopolitical tensions. The risk aversion in the wider markets linked primarily to North Korea bled through into the base metals complex.
At the MCX, zinc futures for April 2017 contract is trading at Rs 166.70 per kg, down by 1.07 per cent, after opening at Rs 168.40, against a previous close of Rs 168.50. It touched the intra-day low of Rs 166 (at 16:47 hours).
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