Zinc Futures Rise on High Demand - PTI
Zinc prices surged on the Multi Commodity Exchange due to increased demand from consuming industries, leading to a rise in futures trade.
New Delhi, Nov 7 (PTI) Zinc prices on Thursday rose Rs 5.05 to Rs 283.10 per kilogram in the futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for November delivery traded higher by Rs 5.05 or 1.82 per cent at Rs 283.10 per kg with a business turnover of 504 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 November delivery traded higher by Rs 5.05 or 1.82 per cent at Rs 283.10 per kg with a business turnover of 504 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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