Zinc Prices Gain Rs 2.80 in March Contracts
New Delhi, February 24: Zinc prices moved higher in futures trading on Tuesday, with the March contract rising by Rs 2.80 to settle at Rs 329 per kg on the Multi Commodity Exchange.The uptick reflects a measured recovery in zinc futures, even as traders maintained a cautious stance due to the absence of fresh market-moving triggers.
MCX Zinc Futures See Moderate Activity
On the Multi Commodity Exchange, zinc contracts for March delivery advanced Rs 2.80, marking a gain of 0.86 percent to reach Rs 329 per kg. The contract recorded a trading volume of 3,728 lots during the session.The movement in zinc futures indicates selective participation, with traders showing interest at lower price levels.
Limited Buying Supports Zinc Despite Lack of Catalysts
Market participants attributed the rise in zinc prices to limited buying support at lower levels. However, the broader sentiment remained guarded as no significant new catalysts emerged to drive strong directional momentum.The cautious approach among traders suggests that zinc futures may continue to respond primarily to short-term demand cues in the absence of fresh triggers.
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