Zinc Futures Rise on High Demand
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Zinc prices increased by 5 paise to Rs 256.55 per kg in futures trade due to higher spot demand and increased positions by participants.
New Delhi, Jul 17 (PTI) Zinc prices on Thursday rose 5 paise to Rs 256.55 per kilogram in futures trade amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for August delivery traded higher by 5 paise or 0.02 per cent at Rs 256.55 per kg with a business turnover of 1,531 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 August delivery traded higher by 5 paise or 0.02 per cent at Rs 256.55 per kg with a business turnover of 1,531 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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