Zinc Futures Decline on Weak Demand - PTI
By Rediff Money Desk, New Delhi Jul 22, 2024 13:04
Zinc futures on the Multi Commodity Exchange fell 0.42% to Rs 257.80 per kg due to reduced speculation and weak demand from consuming industries.
New Delhi, Jul 22 (PTI) Zinc prices on Monday fell 0.42 per cent to Rs 257.80 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 1.10 or 0.42 per cent lower at Rs 257.80 per kg in 942 lots.
Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
On the Multi Commodity Exchange, zinc contracts for August delivery traded Rs 1.10 or 0.42 per cent lower at Rs 257.80 per kg in 942 lots.
Analysts said trimming of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices.
Source: PTI
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
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.41 ( -4.65)
- 67528712
- Quadrant Televenture
- 0.48 ( -4.00)
- 25331824
- GTL Infrastructure
- 1.73 ( 0.00)
- 22518929
- Srestha Finvest
- 0.64 ( -3.03)
- 20152471
- Murae Organisor
- 1.94 ( 0.00)
- 14675141
MORE NEWS

Nirani Sugars to Build Rs 2,000 Cr Chemical...
Nirani Sugars has partnered with the Karnataka government to build a Polylactic Acid...

French Firm Signs LNG Supply Deal with GSPC, India
TotalEnergies signs a 10-year deal to supply 400,000 tonnes of LNG per year to GSPC,...

Prostarm Info Systems IPO Approved by Sebi
Prostarm Info Systems, a power solutions company, has received Sebi's approval to...