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MCX-Zinc enters into a consolidation phase

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MCX-Zinc hovers near a key support

The bull run that began in January this year resulted in spot price of zinc on the Multi Commodity Exchange of India appreciating to ₹199.4 from ₹185, gaining nearly 8 per cent. However, the trend reversed in November and the price has dropped to the current market price of ₹189, there by losing 5 per cent. The price has been consolidating in the past few days, but the trend remains bearish.............BL

29-Nov-2019