Zinc futures down on muted demand
On the Multi Commodity Exchange, zinc contracts for the July delivery traded lower by 10 paise, or 0.04 per cent, to Rs 234.45 per kg in 1,619 lots.
By PTI |
BCCL
NEW DELHI: Zinc prices on Thursday fell 0.04 per cent to Rs 234.45 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for the July delivery traded lower by 10 paise, or 0.04 per cent, to Rs 234.45 per kg in 1,619 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 the July delivery traded lower by 10 paise, or 0.04 per cent, to Rs 234.45 per kg in 1,619 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
