Zinc Futures Decline on Weak Demand - PTI
Zinc prices fell 0.86% on the Multi Commodity Exchange on Friday, driven by weak demand from consuming industries and speculation. Read more.
New Delhi, Nov 8 (PTI) Zinc prices on Friday fell 0.86 per cent to Rs 282.50 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 2.45 or 0.86 per cent lower at Rs 282.50 per kg in 2,916 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 2.45 or 0.86 per cent lower at Rs 282.50 per kg in 2,916 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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