MCX-Zinc stuck in a narrow range
Zinc futures contract traded on the Multi Commodity Exchange (MCX) has been range-bound between ₹161 and ₹173 a kg over the past six weeks. Within this range, the contract touched a low of ₹161.3 on Tuesday, but bounced back from there. It is currently trading at ₹164. This rebound has reduced the possibility of the contract declining below ₹161 in the near term, and it can keep the contract w...
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