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Zinc futures down 0.51% on low demand

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Press Trust of India New Delhi
Last Updated : Nov 20 2017 | 11:48 AM IST
Zinc prices weakened by 0.51 per cent to Rs 206.85 per kg in futures trading today as traders reduced bets, taking negative cues from the spot market on tepid demand from consuming industries.
At the Multi Commodity Exchange, zinc for delivery in December declined by Rs 1.05, or 0.51 per cent to Rs 206.85 per kg in business turnover of 7 lots.
On similar lines, the metal for delivery in November contracts shed 95 paise, or 0.46 per cent to Rs 207.80 per kg in 365 lots.
Participants said offloading of positions by traders on the back of subdued demand from consumers in the physical market, weighed on zinc prices at futures trade.

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First Published: Nov 20 2017 | 11:48 AM IST

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