Zinc Futures Rise on High Demand: Key Factors
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Zinc futures prices increase due to high demand. Learn about the factors driving the rise in zinc prices on the MCX.
New Delhi, Jan 29 (PTI) Zinc prices on Thursday rose Rs 11.60 to Rs 346 per kg in futures trade as traders stayed on the sidelines amid a lack of fresh triggers.
On the Multi Commodity Exchange, zinc contracts for February delivery edged up by Rs 11.60, or 3.47 per cent, to Rs 346 per kg with a business turnover of 4,393 lots.
Traders attributed the slight rise in zinc futures to limited buying at lower levels, even as a lack of fresh triggers kept overall sentiment cautious.
On the Multi Commodity Exchange, zinc contracts for February delivery edged up by Rs 11.60, or 3.47 per cent, to Rs 346 per kg with a business turnover of 4,393 lots.
Traders attributed the slight rise in zinc futures to limited buying at lower levels, even as a lack of fresh triggers kept overall sentiment cautious.
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