Zinc Futures Rise on Strong Demand
Zinc prices surged on the Multi Commodity Exchange (MCX) due to increased demand from consuming industries. January contracts rose by 0.39% to Rs 229.85 per kg.
New Delhi, Dec 26 (PTI) Zinc prices on Tuesday rose 90 paise to Rs 229.85 per kilogram in the futures trade amid a pick up in spot demand.
On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by 90 paise or 0.39 per cent at Rs 229.85 per kg with a business turnover of 4,693 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 January delivery traded higher by 90 paise or 0.39 per cent at Rs 229.85 per kg with a business turnover of 4,693 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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