Zinc futures down on muted demand


NEW DELHI: Zinc prices on Tuesday fell 0.04 per cent to Rs 232.10 per kg in the futures trade as speculators reduced their exposure taking negative cues from the spot market.

On the Multi Commodity Exchange, zinc contracts for the June delivery traded lower by 10 paise, or 0.04 per cent, to Rs 232.10 per kg in 1,098 lots.

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

Articles You May Like

Aussie Down as China Unrest Triggers Risk Aversion
USD/MXN: Mexican Peso resilience might not last long due to domestic and external risks – MUFG
CrowdStrike shares tumble on weaker-than-expected growth in new revenue
USD/JPY Price Analysis: Stumbles below 134.00 and the 200-DMA on soft USD
Gold flat; set for best week in three on smaller rate-hike bets