Zinc futures edge higher on spot demand

Zinc futures edge higher on spot demand
PTI
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Synopsis

On Multi Commodity Exchange, zinc contracts for the March delivery traded higher by 15 paise at Rs 217.90 per kg.

A firm trend was seen in the physical markets.

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Commodity Summary

MCX
NEW DELHI: Zinc prices rose by 15 paise to Rs 217.90 per kg in the futures trade on Wednesday tracking a firm trend in physical markets on the back of a pick-up in spot demand.

On the Multi Commodity Exchange, zinc contracts for the March delivery traded higher by 15 paise, or 0.07 per cent, to Rs 217.90 per kg with a business turnover of 1,284 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.

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