Business Standard

Zinc futures shed 0.86% on tepid demand

Image

Press Trust of India New Delhi

Zinc prices eased 0.86 per cent to Rs 190.60 per kg in futures trade Thursday as speculators cut down positions taking weak cues from the spot market.

On Multi Commodity Exchange, zinc for delivery in August declined Rs 1.65, or 0.86 per cent, to Rs 190.60 per kg in a business turnover of 3,935 lots.

Zinc contracts for September delivery shed Rs 1.35, or 0.7 per cent, to Rs 192.15 per kg in a business turnover of 204 lots.

Marketmen said weakness in metals in the domestic spot market owing to slackened demand from consuming industries mainly influenced prices.

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: Aug 01 2019 | 2:45 PM IST

Explore News