Zinc Futures Rise on High Demand - MCX
Zinc prices on the Multi Commodity Exchange (MCX) rose on Tuesday, driven by a surge in spot demand and increased positions by traders. December contracts gained 0.5% to Rs 281.90 per kg.
New Delhi, Nov 26 (PTI) Zinc prices on Tuesday rose Rs 1.40 to Rs 281.90 per kilogram in the futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for December delivery traded higher by Rs 1.40 or 0.5 per cent at Rs 281.90 per kg with a business turnover of 2,730 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 1.40 or 0.5 per cent at Rs 281.90 per kg with a business turnover of 2,730 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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