Zinc Futures Decline on Weak Demand - PTI
By Rediff Money Desk, New Delhi Sep 02, 2024 14:30
Zinc prices fell 1.04% on Monday to Rs 265.90 per kg in futures trading due to weak demand from consuming industries, according to PTI.
New Delhi, Sep 2 (PTI) Zinc prices on Monday fell 1.04 per cent to Rs 265.90 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 September delivery traded Rs 2.80 or 1.04 per cent lower at Rs 265.90 per kg in 2,184 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 September delivery traded Rs 2.80 or 1.04 per cent lower at Rs 265.90 per kg in 2,184 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
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