Zinc
Date 13-10-2017
Time : IST 8 p.m.
Lme prices 3275 $
INR price 214.35
USD/INR 64.700
Calculation Method Lme price * USD/INR / 1000
So According to the formula
price in INR should be 211.90
CIF on higher side if we take can be of rs 1
so total value can be near 212.90
But still we have a difference of 214.35-212.90 = 1.45 rs
So, why the price of zinc is trading at such high price?