Zinc Futures Decline Amidst Weakened Demand
Feb 26, 2024 14:08
Zinc prices fell in futures trading on Monday due to reduced speculation and muted demand from consuming industries. Read more about the zinc market.
New Delhi, Feb 26 (PTI) Zinc prices on Monday fell 0.12 per cent to Rs 213.95 per kilogram in the futures trade as speculators reduced their exposure, taking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for February delivery traded lower by 25 paise or 0.12 per cent at Rs 213.95 per kg in 4,861 lots.
Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
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