Zinc Futures Rise on Demand
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Zinc futures climb on spot demand. December contracts up on MCX. Marketmen cite increased demand from consuming industries.
New Delhi, Nov 7 (PTI) Zinc prices on Friday rose Rs 1.10 to Rs 298.25 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 1.10 or 0.37 per cent to Rs 298.25 per kilogram with a business turnover of 616 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 1.10 or 0.37 per cent to Rs 298.25 per kilogram with a business turnover of 616 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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