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26/04/2023 14:45

Zinc futures rise on spot demand

Zinc prices on Wednesday increased by Rs 1.75 to Rs 235.10 per kilogramme in the futures trade, amid a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for May delivery traded higher by Rs 1.75 or 0.75 per cent at Rs 235.10 per kg with a business turnover of 4,060 lots.

Marketmen said widening of positions by participants, following a pick-up in demand from consuming industries kept zinc prices higher in the futures trade.