Select base metals strengthened by up to Rs 2 per kg in the local metal market today on sustained buying by stockists amid a firming global trend.
Buying activity in select base metals picked-up as copper gained in London after the dollar weakened. Meanwhile, copper for delivery for three-month delivery gained 0.5% to $9,674 a tonne on the London Metal Exchange.
In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained in demand and added another Rs 2 each to Rs 506, Rs 529 and Rs 489 per kg, respectively.
Zinc ingot, lead ingot and lead imported were also enquired higher by a rupee each to Rs 131.50, Rs 143 and Rs 146 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 840, zinc ingot 131.50, nickel plate (4x4) 1,060-1,062, gun metal scrap 226 bell metal scrap 228, copper wire scrap 506, copper wire bar 527, copper mixed scrap 489, Utensil scrap 224, Chadripital 175
Lead ingot 143, lead imported 146, aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils scrap 109