Zinc Futures Drop on Weak Demand - PTI
By Rediff Money Desk, New Delhi Jul 16, 2024 13:07
Zinc prices fell 0.47% on Tuesday due to reduced speculation and weak demand from consuming industries, according to PTI.
New Delhi, Jul 16 (PTI) Zinc prices on Tuesday fell 0.47 per cent to Rs 272.80 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 July delivery traded Rs 1.30 or 0.47 per cent lower at Rs 272.80 per kg in 2,288 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 July delivery traded Rs 1.30 or 0.47 per cent lower at Rs 272.80 per kg in 2,288 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
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS

Thomas Cook Partners with Moscow Tourism for...
Thomas Cook India has signed a 2-year strategic partnership with Moscow Tourism to...

SBI Funds Invests Rs 212 cr in Ajax Engineering...
SBI Funds Management invests Rs 212 crore in Ajax Engineering ahead of its IPO,...

Advanced Sys-Tek Files IPO Papers with Sebi
Advanced Sys-Tek Ltd has filed draft IPO papers with Sebi seeking approval to raise Rs...