Business Standard

Tuesday, January 07, 2025 | 03:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Zinc down in range-bound trade

Weak global trend also restricted gains

Image

Press Trust of India New Delhi

In range-bound movements, zinc fell 0.34% in futures trade today after speculators kept their positions restricted.

At the MCX, zinc for delivery in June traded lower by 35 paise, or 0.34%, to Rs 103.20 per kg, with a business turnover of 332 lots.

The July contract shed 35 paise, or 0.29%, to Rs 103.90 per kg in 57 lots.

Market analysts said apart from a weak trend in base metals in global markets, subdued domestic demand also put pressure on zinc prices at futures trade.

Meanwhile, zinc gained 1.10% to $1,819.75 a tonne on the London Metal Exchange.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 25 2012 | 1:05 PM IST

Explore News