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.
Home » Market News » Zinc Futures Decline on Weak Demand - 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.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback