New Delhi, May 14 – Zinc prices saw an upward movement in Wednesday’s futures trade, gaining Rs 3.05 to settle at Rs 259.10 per kilogram on the Multi Commodity Exchange (MCX), driven by improved demand in the spot market.
According to market analysts, the increase in zinc futures for June delivery, which rose by 1.19 percent, was supported by heightened activity from consuming industries. The total trade volume stood at 1,414 lots, indicating a positive sentiment among participants.
Traders attributed the price surge to a demand pick-up and widening positions by market participants, further reinforcing bullish trends in the non-ferrous metal segment.
