 "Zinc falls by 0.4% in line with global trend")
Zinc prices moved down 0.45% to Rs 110.55 per kg in futures market today as speculators reduced their positions, in tandem with a weak global trend.
In futures trading at Multi Commodity Exchange, zinc for delivery in November contracts shed 50 paise, or 0.45%, to Rs 110.55 per kg, in a business turnover of 7 lots.
Likewise, the metal for delivery in October traded lower by 40 paise, or 0.36%, to Rs 109.55 per kg in a business turnover of 281 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) on signs of a weak demand outlook in China, the world's biggest consumer, mainly put pressure on zinc prices in futures trade.
In futures trading at Multi Commodity Exchange, zinc for delivery in November contracts shed 50 paise, or 0.45%, to Rs 110.55 per kg, in a business turnover of 7 lots.
Likewise, the metal for delivery in October traded lower by 40 paise, or 0.36%, to Rs 109.55 per kg in a business turnover of 281 lots.
Marketmen said weakness in copper and other base metals at the London Metal Exchange (LME) on signs of a weak demand outlook in China, the world's biggest consumer, mainly put pressure on zinc prices in futures trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%