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Zinc futures strengthen on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

Zinc futures traded 0.57% higher at Rs 97.85 per kg as speculators indulged in enlarging their positions, buoyed by a firming trend in the entire base metals pack at the London Metal Exchange (LME).

At the Multi Commodity Exchange, zinc for delivery in May rose by 45 paise, or 0.57% to Rs 97.85 per kg, with a business turnover of 642 lots. 

The metal for June delivery also gained 55 paise, or 0.56% to Rs 99.20 per kg, with a business volume of 39 lots.

Analysts attributed the rise in zinc futures to a firming trend in the entire base metals at the LME and better demand at the domestic spot markets.

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First Published: May 11 2011 | 3:34 PM IST

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