Zinc Futures Rise: Demand Boosts Prices
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Zinc futures climb on MCX due to increased spot demand. December contracts up 0.27% to Rs 298.15/kg. Marketmen cite widening positions.
New Delhi, Nov 26 (PTI) Zinc prices on Wednesday rose 80 paise to Rs 298.15 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for December delivery traded higher by 80 paise or 0.27 per cent to Rs 298.15 per kilogram with a business turnover of 2,535 lots.
Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries, kept zinc prices higher in the futures trade.
On the Multi Commodity Exchange, zinc contracts for December delivery traded higher by 80 paise or 0.27 per cent to Rs 298.15 per kilogram with a business turnover of 2,535 lots.
Marketmen said the widening of positions by participants, following a pick-up in demand from consuming industries, kept zinc prices higher in the futures trade.
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