Zinc futures tumble on muted spot demand

Image
Press Trust of India New Delhi
Last Updated : Oct 04 2019 | 12:40 PM IST

Zinc futures traded 0.19 per cent lower at Rs 180.20 per kg on Friday as speculators reduced exposure at the spot market even as the metal strengthened overseas.

On the Multi Commodity Exchange, zinc contracts for October slipped 0.19 per cent, or 35 paise, to Rs 180.20 per kg in a business turnover of 3,242 lots.

Zinc contracts for November delivery declined by 40 paise, or 0.22 per cent, to Rs 182.25 per kg in 22 lots.

Globally, on the London Metal Exchange, zinc was quoting higher by 0.28 per cent at USD 5,662 per tonne.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 04 2019 | 12:40 PM IST

Next Story