COMMODITY
Zinc futures trade higher on tight supplies
Apr-29-2024
Zinc futures traded higher on MCX, with the building up of portfolios tracking rise in demand from domestic as well as international markets. Moreover, tight supplies and reports on mine suspensions due to strong inflationary pressures, and scheduled maintenance also lifted the rates.

The contract for April delivery was trading at 253.85 up by 0.75% or Rs 1.90 from its previous closing of Rs 251.95. The open interest of the contract stood at 220 lots.

The contract for May delivery was trading at 253.90 up by 0.63% or Rs 1.60 from its previous closing of Rs 252.30.The open interest of the contract stood at 3755 lots on MCX.

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