Zinc Futures Decline on Weak Demand - PTI
Feb 02, 2024 14:49
Zinc prices fell 0.25% on Friday due to reduced speculator interest and weak demand from consuming industries, according to PTI.
New Delhi, Feb 2 (PTI) Zinc prices on Friday fell 0.25 per cent to Rs 220.35 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 55 paise or 0.25 per cent at Rs 220.35 per kg in 3,615 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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