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Zinc futures slip on easing demand

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Press Trust of India New Delhi

Zinc prices on Thursday fell by 25 paise to Rs 176 per kg in futures trade as speculators cut bets amid easing demand in spot market.

On the Multi Commodity Exchange, zinc contracts for December delivery moved down by 25 paise, or 0.14 per cent, to Rs 176 per kg in a business turnover of 37 lots.

Analysts said offloading of positions by traders owing to slackened demand from consuming industries in physical market weighed on zinc prices in futures trade here.

 

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First Published: Dec 26 2019 | 12:45 PM IST

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