Muted demand drags zinc futures by 0.23%
22/08/2016 10:56
Zinc futures were trading lower during the morning trade in the domestic market on Monday as investors and speculators cut short their bets amid a drop in the spot demand from consuming industries at the domestic spot markets. Further, a decrease in demand for zinc at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced zinc prices at futures trade. At that MCX, zinc futures for August 2016 contract is trading at Rs 153.55 per kg, down by 0.23 per cent, after opening at Rs 153.40, against a previous close of Rs 153.90. It touched the intra-day low of Rs 153.35 (at 10:49 hours).
22/08/2016 10:56
