Zinc futures gain on tight stocks position
Zinc futures gained on MCX as stock levels continued to tighten globally, with several zinc mines are scheduled for maintenance shutdowns in December. Meanwhile, investors are awaiting crucial US Federal Reserve’s monetary policy meeting this week.
The contract for December delivery was trading at Rs 313.45 up by 0.92% or Rs 2.85 from its previous closing of Rs 310.60. The open interest of the contract stood at 3634 lots.
The contract for January delivery was trading at Rs 309.40 up by 0.95% or Rs 2.90 from its previous closing of Rs 306.50. The open interest of the contract stood at 758 lots on MCX.
