Business Standard

Sunday, December 29, 2024 | 02:20 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Zinc futures slide on subdued demand

Image

Press Trust of India New Delhi

Zinc prices on Tuesday fell by Rs 3 to Rs 186.75 per kg in futures trade as speculators cut bets amid easing demand at spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery moved down by Rs 3, or 1.58 per cent, to Rs 186.75 per kg in a business turnover of 1 lots.

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

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: Jan 21 2020 | 1:00 PM IST

Explore News