Zinc Futures Rise on Demand: MCX Prices
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Zinc futures climb on MCX due to increased spot demand. December contracts rise to Rs 299/kg. Marketmen cite widening positions.
New Delhi, Nov 24 (PTI) Zinc prices on Monday rose 75 paise to Rs 299 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 75 paise or 0.25 per cent to Rs 299 per kilogram with a business turnover of 2,216 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 75 paise or 0.25 per cent to Rs 299 per kilogram with a business turnover of 2,216 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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