Zinc Futures Rise on Demand
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Zinc futures climb due to increased spot demand. October contracts up on MCX. Marketmen cite demand from consuming industries.
New Delhi, Sep 8 (PTI) Zinc prices on Monday rose Rs 1.70 to Rs 279.55 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 1.70 or 0.61 per cent to Rs 279.55 per kilogram with a business turnover of 552 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 1.70 or 0.61 per cent to Rs 279.55 per kilogram with a business turnover of 552 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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