COMMODITY
Zinc futures gain on increasing global demand
Oct-18-2024
Zinc futures gained on MCX as speculators enlarged their positions on increasing global demand as the global zinc market faces a significant supply deficit in 2024, while a weaker dollar also supported sentiments. But some gains were limited as a lack of fresh stimulus from a closely-watched China's housing policy briefing left some investors disappointed.

The contract for October delivery was trading at Rs 283.25, up by 0.48% or Rs 1.35 from its previous closing of Rs 281.90. The open interest of the contract stood at 2263 lots.

The contract for November delivery was trading at Rs 282.85, up by 0.69% or Rs 1.95 from its previous closing of Rs 280.90. The open interest of the contract stood at 957 lots on MCX.

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