Zinc Futures Rise on High Demand
Zinc futures prices rose on the Multi Commodity Exchange (MCX) due to increased demand from consuming industries. The rise was driven by a widening of positions by participants.
New Delhi, May 28 (PTI) Zinc prices on Tuesday rose Rs 2.15 to Rs 275.90 per kilogram in the futures trade amid a pick up in spot demand.
On the Multi Commodity Exchange, zinc contracts for June delivery traded higher Rs 2.15 or 0.79 per cent at Rs 275.90 per kg with a business turnover of 3,309 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 June delivery traded higher Rs 2.15 or 0.79 per cent at Rs 275.90 per kg with a business turnover of 3,309 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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