Zinc Futures Rise on High Demand
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Zinc prices rose to Rs 253.70 per kg in futures trade due to increased spot demand and widening positions by participants. #zinc #futures #commodities
New Delhi, Jun 23 (PTI) Zinc prices on Monday rose marginally to Rs 253.70 per kilogram in the futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by 40 paise, or 0.16 per cent, to Rs 253.70 per kg with a business turnover of 2,310 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 July delivery traded higher by 40 paise, or 0.16 per cent, to Rs 253.70 per kg with a business turnover of 2,310 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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