Zinc Futures Rise on Demand
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Zinc futures prices increase due to high spot demand. September contracts rise on MCX. Marketmen cite increased demand from industries.
New Delhi, Sep 1 (PTI) Zinc prices on Monday rose Rs 1.95 to Rs 273.25 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for September delivery traded higher by Rs 1.95 or 0.72 per cent to Rs 273.25 per kilogram with a business turnover of 3,446 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 September delivery traded higher by Rs 1.95 or 0.72 per cent to Rs 273.25 per kilogram with a business turnover of 3,446 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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