Zinc Futures Rise on Demand: Price Analysis
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Zinc futures prices edged higher to Rs 308/kg on MCX due to limited buying. Traders cautious amid lack of fresh triggers. January delivery.
New Delhi, Jan 1 (PTI) Zinc prices on Thursday rose slightly by 35 paise to Rs 308 per kg in futures trade as traders stayed on the sidelines amid a lack of fresh triggers.
On the Multi Commodity Exchange, zinc contracts for January delivery edged up by 35 paise, or 0.11 per cent, to Rs 308 per kg with a business turnover of 5,218 lots.
Traders attributed the slight rise in zinc futures to limited buying at lower levels, even as a lack of fresh triggers kept overall sentiment cautious.
On the Multi Commodity Exchange, zinc contracts for January delivery edged up by 35 paise, or 0.11 per cent, to Rs 308 per kg with a business turnover of 5,218 lots.
Traders attributed the slight rise in zinc futures to limited buying at lower levels, even as a lack of fresh triggers kept overall sentiment cautious.
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