Zinc Futures Rise on High Demand
May 28, 2024 14:16
Zinc futures prices rose on the Multi Commodity Exchange (MCX) due to increased demand from consuming industries. The rise was driven by a widening of positions by participants.
New Delhi, May 28 (PTI) Zinc prices on Tuesday rose Rs 2.15 to Rs 275.90 per kilogram in the futures trade amid a pick up in spot demand.
On the Multi Commodity Exchange, zinc contracts for June delivery traded higher Rs 2.15 or 0.79 per cent at Rs 275.90 per kg with a business turnover of 3,309 lots.
Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.
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