Zinc Futures Rise on Strong Demand
Dec 26, 2023 14:22
Zinc prices surged on the Multi Commodity Exchange (MCX) due to increased demand from consuming industries. January contracts rose by 0.39% to Rs 229.85 per kg.
New Delhi, Dec 26 (PTI) Zinc prices on Tuesday rose 90 paise to Rs 229.85 per kilogram in the futures trade amid a pick up in spot demand.
On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by 90 paise or 0.39 per cent at Rs 229.85 per kg with a business turnover of 4,693 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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