Business Standard

Zinc futures rise marginally on spot demand

Image

Press Trust of India New Delhi

Zinc prices on Monday rose 0.58 per cent to Rs 189.55 per kg in futures trade tracking a firm trend at physical market on the back of uptick in demand.

On the Multi Commodity Exchange, zinc for November contracts was trading higher by Rs 1.10, or 0.58 per cent, at Rs 189.55 per kg with a business turnover of 408 lots.

Similarly, the metal for delivery in December edged up by 80 paise, or 0.43 per cent, to Rs 188.50 per kg in 1,003 lots

Marketmen said zinc prices rose as participants raised bets following a pickup in demand from consuming industries.

 

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

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

First Published: Nov 25 2019 | 1:40 PM IST

Explore News