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

SCROLL FOR NEXT

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

Allegation of harassment to woman collector: Minister Rajmohan promises probe against TVK MLA

PMK urges railway minister for fast-tracking of 19 pending railway projects in TN

Heavy rain likely in TN as Northeast monsoon gains strength; cyclone threat looms

Deeply saddened: TN Industries Minister Keerthana mourns death of 3 workers at Hosur facility

TN: TVK MLAs summoned to Chennai; CM Joseph Vijay to chair key meeting on November 11