Thursday, June 30, 2022
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Zinc futures down on muted demand

Zinc prices on Friday fell by 1.74 per cent to Rs 301.65 per kilogram in the futures trade as speculators reduced their exposure taking negative cues from spot market.

On the Multi Commodity Exchange, zinc contracts for July delivery traded lower by Rs 5.35 or 1.74 per cent at Rs 301.65 per kg in 1,479 lots.

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

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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