Zinc prices seem to be struggling to gain momentum over the last few weeks. The Zinc Futures contract traded on the Multi Commodity Exchange (MCX) has been stuck in between ₹295 and ₹308 per kg for more than four weeks now. Within this range, the contract touched a low of ₹295.70 earlier this week and is bouncing back from there. The contract is currently trading at ₹301 per kg.
Intermediate resistance is in the ₹302-304 region. A break above it can take the MCX Zinc Futures contract higher to ₹308-₹309 in the coming days. A decisive break above ₹309 is needed for the contract to gain back the bullish momentum. Only then the upside will open up for a fresh rise to ₹320-322 going forward.
Failure to rise past ₹304 from here can keep the contract under pressure. In that case, there is a danger of breaking the range on the downside below ₹295. Such a break can trigger a fall to ₹290-288. After this fall, the contract can rise back towards ₹295-297 again.
Since the MCX Zinc Futures contract is range bound, we suggest traders to stay out of the market for now. Wait for the range breakout and then take trades accordingly.
Published on November 27, 2025
