Zinc Prices Rise Amid Increased Spot Demand

Zinc prices increased by Rs 2.70 to Rs 261.60 per kilogram on Monday in the futures market, driven by higher spot demand. The Multi Commodity Exchange saw September contracts trading higher by 1.04% with a significant business turnover. Increased demand from consuming industries contributed to the price rise.

Zinc prices climbed Rs 2.70 to reach Rs 261.60 per kilogram on Monday in the futures market, as spot demand picked up.

According to data from the Multi Commodity Exchange, zinc contracts for September delivery traded 1.04 per cent higher at Rs 261.60 per kg, backed by a business turnover of 738 lots.

Market analysts attribute the price increase to participants expanding their positions in response to heightened demand from consuming industries.