Business Standard

Zinc futures down on muted spot demand, fall 0.46 pc

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Press Trust of India New Delhi

Zinc prices slipped by 0.46 per cent to Rs 207.10 per kg in futures market today after participants cut down bets amid a weak trend at the domestic spot markets on weak demand.

At the Multi Commodity Exchange, zinc for delivery in April declined by 95 paise, or 0.46 per cent, to Rs 207.10 per kg in a business turnover of 1,535 lots.

Likewise, the metal for delivery in May was enquired lower by 70 paise, or 0.34 per cent, to Rs 208 per kg in 69 lots.

Marketmen said, offloading of positions by traders due to eased demand from consuming industries in the physical markets, mainly put pressure on zinc prices at futures trade.

 

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First Published: Apr 18 2018 | 12:10 PM IST

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