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Zinc prices edged lower in futures trade on Monday as traders reduced their positions amid weak demand conditions in the physical market.
On the Multi Commodity Exchange (MCX), zinc contracts for July delivery fell by 60 paise, or 0.17%, to Rs 362.75 per kilogram, with a turnover of 73 lots.
According to market analysts, the decline was primarily driven by profit-booking and position trimming by participants in response to subdued demand from consuming industries in the spot market.
Market participants will continue to track industrial demand trends and global base metal movements for further direction in zinc prices.
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