Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 0.73% on Monday to Rs 285.50 per kg in futures trade due to reduced speculative interest and weak demand from consuming industries.
New Delhi, Oct 14 (PTI) Zinc prices on Monday fell 0.73 per cent to Rs 285.50 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 November delivery traded Rs 2.10 or 0.73 per cent lower at Rs 285.50 per kg in 625 lots.
Analysts said the 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 November delivery traded Rs 2.10 or 0.73 per cent lower at Rs 285.50 per kg in 625 lots.
Analysts said the 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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