Don’t miss the latest developments in business and finance.

Zinc futures slide on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2020 | 1:00 PM IST

Zinc prices on Tuesday fell by Rs 3 to Rs 186.75 per kg in futures trade as speculators cut bets amid easing demand at spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery moved down by Rs 3, or 1.58 per cent, to Rs 186.75 per kg in a business turnover of 1 lots.

Analysts said offloading of positions by traders owing to slackened demand from consuming industries in physical market mainly weighed on zinc prices in futures trade here.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 21 2020 | 1:00 PM IST

Next Story