Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc contracts for May delivery traded lower by Rs 5.10 or 1.56 percent at Rs 321 per kg in 1,186 lots.

PTI

Updated:9th May, 2022 at 2:15 PM

NEW DELHI: Zinc prices on Monday fell by 1.56 percent to Rs 321 per kilogram in the futures trade as speculators reduced their exposure taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for May delivery traded lower by Rs 5.10 or 1.56 percent at Rs 321 per kg in 1,186 lots.

Analysts said offloading of positions by participants, owing to slackened demand from consuming industries in the physical market, mainly weighed on zinc prices.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Zinc futures down on muted demand

On the Multi Commodity Exchange, zinc contracts for May delivery traded lower by Rs 5.10 or 1.56 percent at Rs 321 per kg in 1,186 lots.

Also Read

Chennai’s OMR, Radial Road set for integrated mobility makeover

Beyond hot flashes: Menopause is India’s silent midlife crisis

300-400% rise in property tax; Chennai residents see red

When memory becomes art: K Benitha Perciyal's solo Chennai exhibition explores how personal objects become art

Private bus fares to increase in Tamil Nadu; operators petition government citing high diesel cost