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Zinc Reference Rate — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Locking In a Price Before You Need the Metal
A zinc futures contract is a straightforward idea with real commercial weight behind it: agree today on a price for zinc that won't actually change hands until a set date in the future. Today's zinc reference rate is ₹0.33 per gram on September 17, 2026 — the kind of spot figure a futures price gets measured against.
- LME: zinc's primary global futures market
- MCX: India's domestic zinc futures exchange, priced in rupees
- Standardized contracts: fixed tonnage per contract, enabling liquid trading
Zinc Reference Rate by Weight
Today's Zinc rate is Less than One Rupees per gram. At this rate, 10 grams of Zinc costs Three Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹0.33 | Less than One Rupees |
| 8 Grams | 8.0000 g | ₹2.67 | Three Rupees |
| 10 Grams | 10.0000 g | ₹3.34 | Three Rupees |
| 100 Grams | 100.0000 g | ₹33.38 | Thirty Three Rupees |
| 1 Kilogram | 1,000.0000 g | ₹333.77 | Three Hundred and Thirty Four Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹9.46 | Nine Rupees |
| 1 Troy Ounce | 31.1035 g | ₹10.38 | Ten Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹333,767.00 | Three Lakh Thirty Three Thousand Seven Hundred and Sixty Seven Rupees |
Three Genuinely Different Reasons to Trade Zinc Futures
A galvanizer planning a large steel-coating run months out can lock in today's zinc cost rather than gambling on where the spot price sits when the order actually needs filling. A zinc producer can do the reverse — securing a selling price now for metal it won't finish smelting for weeks. And a trader with no interest in ever touching physical zinc can simply take a position on price direction, settling in cash rather than metal. All three trade the same contract for entirely different reasons.
Why the futures price isn't just today's spot price restated
A futures price bakes in more than the current spot rate — storage costs, prevailing interest rates, and the market's own expectations for supply and demand at the future delivery date all factor in. That's why a futures contract for delivery six months out can trade meaningfully above or below today's spot price without either number being "wrong."
| User | Reason |
|---|---|
| Galvanizers | Lock in zinc cost ahead of a production run |
| Zinc producers | Secure a selling price for future output |
| Traders | Take a view on price direction, cash-settled |
Zinc Reference Rate — Last 10 Days
The most recent Zinc price on record (2026-09-17) is Less than One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹0.33 | +0.00 |
| 2026-09-16 | ₹0.33 | 0.00 |
| 2026-09-15 | ₹0.33 | +0.00 |
| 2026-09-14 | ₹0.33 | -0.01 |
| 2026-09-13 | ₹0.34 | +0.00 |
| 2026-09-12 | ₹0.34 | 0.00 |
| 2026-09-11 | ₹0.34 | 0.00 |
| 2026-09-10 | ₹0.34 | -0.01 |
| 2026-09-09 | ₹0.35 | +0.00 |
| 2026-09-08 | ₹0.35 | — |
Why India Runs Its Own Contract Alongside the LME
MCX's zinc futures exist because Indian buyers and sellers need rupee-denominated pricing and delivery logistics suited to the domestic market — importing zinc, paying in dollars, and settling against a London benchmark adds currency and timing complexity that a domestic contract sidesteps. MCX generally tracks the LME's direction closely, since both ultimately price the same global commodity, but the two are genuinely separate markets with their own trading hours and settlement mechanics.
The comparison table and 10-day history above track this site's own independent reference rate. For a longer view, the site's own zinc price history page holds real recorded data by year and month.
Zinc Futures — Common Questions
An agreement to buy or sell a standardized quantity of zinc at a set price on a future date. It lets galvanizers, smelters and traders lock in costs or revenue ahead of time, rather than being fully exposed to whatever the spot price happens to be on the actual delivery date.
The London Metal Exchange (LME) is zinc's primary global futures market. India's Multi Commodity Exchange (MCX) runs its own zinc futures contract domestically, generally tracking the LME's direction with rupee pricing and India-specific delivery logistics layered in.
Galvanizers and steel manufacturers use them to hedge against rising zinc costs before a big production run; zinc producers use them to lock in a selling price for future output; traders and speculators use them to take a view on where zinc prices are headed, without ever taking physical delivery of the metal.
No — futures prices reflect the market's expectations for a specific future delivery date, incorporating storage costs, interest rates and supply-demand expectations for that period. They can trade above or below today's spot price depending on those factors.
₹0.33 per gram as of September 17, 2026 — this site's own independent INR tracking benchmark, not a live LME or MCX futures quote, though it moves in the same broad direction as the underlying global zinc market both exchanges price.
