Don’t miss the latest developments in business and finance.

Zinc futures rise as demand picks up

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Zinc prices rose by 0.24% to Rs 106.15 per kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market.

At the Multi Commodity Exchange, zinc for August delivery traded higher by 25 paise, or 0.24%, to Rs 106.15 per kg, with a business turnover of 1,792 lots.

Similarly, the metal for September delivery edged up by 25 paise, or 0.23%, to Rs 107.15 per kg, with an open interest of 70 lots. Market analysts said fresh buying by speculators on the back of rise in demand in the spot market mainly helped zinc futures prices to trade higher.

Also Read

First Published: Aug 04 2011 | 3:00 PM IST

Next Story