MCX-Zinc remains in consolidation phase

MCX-Zinc remains in consolidation phase

by admin- Friday, September 18th, 2020 08:01:53 AM

The September futures settlement of zinc on Multi Commodity Exchange of India (MCX), which commenced the rally in early July from about ₹one hundred sixty, registered a excessive of ₹2 hundred in August, gaining by about 25 per cent in a span of two months. However, after marking a high of ₹2 hundred, the contract seems to have misplaced momentum and started out treading in a horizontal pathway i.E. The price has been oscillating inside the band among ₹186 and ₹2 hundred.

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