Zinc Futures Rise on Demand: MCX Trading
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Zinc futures climb on MCX due to increased spot demand. November contracts up 0.5% at Rs 301.85/kg. Marketmen cite widening positions.
New Delhi, Oct 29 (PTI) Zinc prices on Wednesday rose Rs 1.50 to Rs 301.85 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for November delivery traded higher by Rs 1.50 or 0.5 per cent to Rs 301.85 per kilogram with a business turnover of 2,613 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 November delivery traded higher by Rs 1.50 or 0.5 per cent to Rs 301.85 per kilogram with a business turnover of 2,613 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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