Zinc Futures Surge on Strong Demand
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Zinc futures prices rose on the Multi Commodity Exchange due to increased demand from consuming industries.
New Delhi, May 12 (PTI) Zinc prices increased Rs 1.65 to Rs 252.75 per kilogram in the futures trade on Monday amid a pick-up in spot demand.
On the Multi Commodity Exchange, zinc contracts for June delivery traded higher by Rs 1.65 or 0.66 per cent at Rs 252.75 per kg with a business turnover of 736 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 June delivery traded higher by Rs 1.65 or 0.66 per cent at Rs 252.75 per kg with a business turnover of 736 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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