Zinc Futures Rise on High Demand
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Zinc prices rose in futures trade on July 8th, driven by increased spot demand and widening participant positions.
New Delhi, Jul 8 (PTI) Zinc prices on Tuesday rose Rs 1.10 to Rs 255.40 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for July delivery traded higher Rs 1.10 or 0.43 per cent at Rs 255.40 per kg with a business turnover of 3,221 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 Rs 1.10 or 0.43 per cent at Rs 255.40 per kg with a business turnover of 3,221 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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