Zinc Futures Surge on Strong Demand - PTI
Zinc prices climbed on the Multi Commodity Exchange (MCX) on Friday, fueled by rising spot demand. Market participants increased their positions due to a pick-up in demand from consuming industries.
New Delhi, Jan 19 (PTI) Zinc prices on Friday rose 85 paise to Rs 220.30 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 85 paise or 0.39 per cent at Rs 220.30 per kg with a business turnover of 2,360 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 85 paise or 0.39 per cent at Rs 220.30 per kg with a business turnover of 2,360 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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