Zinc Futures Surge on Strong Demand - PTI
Zinc prices climbed on the Multi Commodity Exchange (MCX) due to increased demand from consuming industries. The rise was attributed to a pick up in spot demand and widening of positions by participants.
New Delhi, Jul 2 (PTI) Zinc prices on Tuesday rose Rs 2.35 to Rs 267.75 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 Rs 2.35 or 0.89 per cent at Rs 267.75 per kg with a business turnover of 2,865 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 2.35 or 0.89 per cent at Rs 267.75 per kg with a business turnover of 2,865 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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