New Delhi, Feb 27: Zinc prices edged lower by 0.15% to ₹267.70 per kilogram in futures trade on Thursday, driven by weak demand signals from the spot market.
On the Multi Commodity Exchange (MCX), zinc contracts for March delivery dropped by 40 paise to settle at ₹267.70 per kg, with a total trade volume of 2,355 lots.
Market analysts attributed the decline to reduced speculative interest as demand from key consuming industries remained sluggish. The lack of momentum in the physical market weighed on prices, prompting traders to trim positions.
Market Outlook
The movement in zinc prices is closely linked to industrial demand, and any further weakness in the spot market could influence future trends. Traders will be watching global cues and supply-demand dynamics for further direction.
Last updated by a enewsx: