Business Standard

Zinc futures down on soft demand

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Press Trust of India New Delhi

Zinc prices fell by 15 paise to Rs 184.40 per kg in futures trade on Wednesday as speculators cut bets, driven by easing demand at the spot market.

At the Multi Commodity Exchange, zinc contracts for October delivery moved down by 15 paise, or 0.08 per cent, to Rs 184.40 per kg in a business turnover of 1,273 lots.

Similarly, the metal for delivery in November was trading lower by 30 paise, or 0.16 per cent, at Rs 187.35 per kg in 230 lots.

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

 

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First Published: Oct 23 2019 | 12:50 PM IST

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