Zinc Prices Surge Amid Increased Spot Demand

Zinc prices increased by Rs 2.70 to Rs 261.60 per kilogram in the futures trade on Monday due to a pick-up in spot demand. On the Multi Commodity Exchange, zinc contracts for September delivery saw a rise of 1.04 percent, attributed to the increased demand from consuming industries.

Zinc prices surged by Rs 2.70 to Rs 261.60 per kilogram in the futures trade on Monday, fueled by heightened spot demand.

At the Multi Commodity Exchange, September delivery zinc contracts climbed by Rs 2.70 or 1.04 percent, driven by a business turnover of 738 lots.

Market analysts attributed the price hike to rising demand from consuming industries, keeping zinc prices elevated in the futures market.

(With inputs from agencies.)