 "Zinc down 0.5% on subdued demand, weak global cues")
Zinc futures fell by 0.54% to Rs 138.60 per kg today as speculators reduced positions amid a sluggish domestic demand and weak global trend.
At the Multi Commodity Exchange, zinc for delivery in December eased by 75 paise, or 0.54%, to Rs 138.60 per kg in a business turnover of 23 lots.
Likewise, the metal for delivery in November traded lower by 70 paise, or 0.50%, to Rs 138 per kg in 418 lots.
Marketmen said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amid a weak trend at the London Metal Exchange after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals.
At the Multi Commodity Exchange, zinc for delivery in December eased by 75 paise, or 0.54%, to Rs 138.60 per kg in a business turnover of 23 lots.
Likewise, the metal for delivery in November traded lower by 70 paise, or 0.50%, to Rs 138 per kg in 418 lots.
Marketmen said the fall in zinc prices in futures trade was due to sluggish domestic demand in the spot market amid a weak trend at the London Metal Exchange after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals.
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%