Zinc Futures Rise on Demand
Zinc prices rise in futures trade due to spot demand. January contracts up 0.3% to Rs 305.95/kg on MCX. Marketmen cite demand.
New Delhi, Dec 4 (PTI) Zinc prices on Thursday rose 90 paise to Rs 305.95 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by 90 paise or 0.3 per cent to Rs 305.95 per kilogram with a business turnover of 677 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 January delivery traded higher by 90 paise or 0.3 per cent to Rs 305.95 per kilogram with a business turnover of 677 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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