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

Published: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

Victoria Hall shuts a day after massive opening

Biometric authentication helped curb fund misuse in ADW hostels

Pradhan Mantri Rashtriya Bal Puraskar: Nation honours Coimbatore’s little braveheart

IPREC crackdown: Fake cigarettes, soft drinks worth Rs 1.63 lakh seized

Chennai citizen connect: Repair damaged bus shelter roof at Gandhi Nagar, urge commuters