Zinc Futures Drop on Weak Demand - PTI
Apr 03, 2024 15:37
Zinc prices fell 0.27% on Wednesday, driven by muted demand from consuming industries and speculator selling. Learn more about the factors affecting zinc futures.
New Delhi, Apr 3 (PTI) Zinc prices on Wednesday fell 0.27 per cent to Rs 219.50 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 April delivery traded lower 60 paise or 0.27 per cent at Rs 219.50 per kg in 3,200 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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