Zinc Futures Drop on Weak Demand - PTI

By By Rediff Money Desk, New Delhi
Nov 12, 2024 13:57
Zinc prices fell 0.95% on the Multi Commodity Exchange (MCX) due to reduced speculation and weak demand from consuming industries.
New Delhi, Nov 12 (PTI) Zinc prices on Tuesday fell 0.95 per cent to Rs 275.60 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 December delivery traded Rs 2.65 or 0.95 per cent lower at Rs 275.60 per kg in 665 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
Read More On:
demandmulti commodity exchangemcxzinc priceszinc futures
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

RBI Names SBI, HDFC, ICICI as Domestic...

The Reserve Bank of India has designated State Bank of India, HDFC Bank, and ICICI Bank...

HCLTech Appoints Arjun Sethi as Chief Growth...

HCLTech appoints Arjun A Sethi as Chief Growth Officer for Strategic Segments, focusing...

Passenger Vehicle Sales Up in October: SIAM

Passenger vehicle wholesales rose marginally to 3,93,238 units in October, while...

ACME Solar Shares Slump 13% on Market Debut

ACME Solar Holdings Ltd shares debuted on the stock market with a 13% discount, falling...

Reliance Power Reports Rs 2,878 Crore Net Profit

Reliance Power has announced a consolidated net profit of Rs 2,878.15 crore in the...

Swiggy Shares Surge 8% on Market Debut

Swiggy shares opened at a premium of nearly 8% on the Bombay Stock Exchange (BSE) on...

Rupee Hits All-Time Low of 84.40 Against US Dollar

The Indian rupee fell to an all-time low of 84.40 against the US dollar on Wednesday,...

Indian Markets Decline Amid Inflation &...

Indian stock markets declined in early trade on Wednesday as retail inflation soared to...

Kalpataru Projects Bags Rs 2,273 Crore Orders

Kalpataru Projects International has secured new orders worth Rs 2,273 crore, primarily...

Maharashtra Election Merchandise Sales Hit by...

Maharashtra's election merchandise retail market faces a slump as political parties...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com