Zinc futures decline on muted demand
On Multi Commodity Exchange, zinc contracts for March delivery traded 0.55 per cent lower at Rs 216.60 per kg.
By PTI |
BCCL
NEW DELHI: Zinc prices on Friday fell 0.55 per cent to Rs 216.60 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market.
On the Multi Commodity Exchange, zinc contracts for March delivery traded lower by Rs 1.20, or 0.55 per cent, to Rs 216.60 per kg in 2,110 lots.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices here.
On the Multi Commodity Exchange, zinc contracts for March delivery traded lower by Rs 1.20, or 0.55 per cent, to Rs 216.60 per kg in 2,110 lots.
Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices here.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
