Zinc Futures Fall on Muted Demand - PTI
Aug 13, 2024 13:08
Zinc prices fell 0.94% on the Multi Commodity Exchange due to reduced speculation and weak demand from consuming industries. Read more on PTI.
New Delhi, Aug 13 (PTI) Zinc prices on Tuesday fell 0.94 per cent to Rs 257.60 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 August delivery traded Rs 2.45 or 0.94 per cent lower at Rs 257.60 per kg in 1,965 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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