Zinc Futures Surge on Strong Demand - PTI
Zinc prices rose in futures trading on Tuesday due to increased demand from consuming industries, according to PTI. The widening of positions by participants contributed to the price hike.
New Delhi, May 7 (PTI) Zinc prices on Tuesday rose Rs 1.25 to Rs 260.35 per kilogram in the futures trade amid a pick up in spot demand.
On the Multi Commodity Exchange, zinc contracts for May delivery traded higher Rs 1.25 or 0.48 per cent at Rs 260.35 per kg with a business turnover of 4,251 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 May delivery traded higher Rs 1.25 or 0.48 per cent at Rs 260.35 per kg with a business turnover of 4,251 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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