Zinc Futures Rise on Demand: MCX Trading
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Zinc futures climb on MCX due to increased spot demand. October contracts up 0.55% at Rs 281.25/kg. Marketmen cite widening positions.
New Delhi, Sep 22 (PTI) Zinc prices on Monday rose Rs 1.55 to Rs 281.25 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for October delivery traded higher by Rs 1.55 or 0.55 per cent to Rs 281.25 per kilogram with a business turnover of 2,118 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 October delivery traded higher by Rs 1.55 or 0.55 per cent to Rs 281.25 per kilogram with a business turnover of 2,118 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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