Zinc Futures Rise on Demand
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Zinc futures climb on MCX due to increased spot demand. December contracts up Rs 3.05 to Rs 301/kg. Marketmen cite rising demand.
New Delhi, Nov 3 (PTI) Zinc prices on Monday rose Rs 3.05 to Rs 301 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for December delivery traded higher by Rs 3.05 or 1.02 per cent to Rs 301 per kilogram with a business turnover of 460 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 December delivery traded higher by Rs 3.05 or 1.02 per cent to Rs 301 per kilogram with a business turnover of 460 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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