Zinc Futures Decline on Weak Demand - PTI

Nov 11, 2024 13:43

Zinc prices fell 0.21% on Monday due to weak demand from consuming industries, according to PTI. Speculators reduced their exposure, tracking negative cues from the spot market.

New Delhi, Nov 11 (PTI) Zinc prices on Monday fell 0.21 per cent to Rs 279.30 per kilogram in the futures trade as speculators reduced their exposure, tracking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for November delivery traded 60 paise or 0.21 per cent lower at Rs 279.30 per kg in 3,119 lots.

Analysts said the trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.

Source: PTI

MORE NEWS

Rupee Hits Record Low: INR vs USD at 90.58

Rupee falls to a new all-time low of 90.58 against the US dollar amid trade deal...

DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...

DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...

UAE Fund to Invest ₹1,000 Cr in Kerala Startups

UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...

ECL Aims for 58 MT Output, Mine Closures Planned

Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...

India: Export Potential in Russia

300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...

Gold & Silver Rally: Inflation Data in Focus

Gold and silver prices rally amid inflation data focus. Analysts eye central bank...

India Ranks 3rd in Global AI Vibrancy Index

India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...

EPFOA Urges CPFC: Equip Offices for Compliance

EPFOA urges CPFC to equip field offices with authority & tools to handle default &...

TV Prices to Rise in January: Chip Shortage &...

TV prices are expected to increase in January due to memory chip shortages and a...

India Gems & Jewellery Exports Up 20% in November

India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....

Zinc Futures Decline on Weak Demand - PTI

You May Like To Read

MORE NEWS