Supported by a firming trend at the London Metal Exchange, zinc futures continued its upward journey and traded 0.43 per cent higher at Rs 105.10 per kg today.
At the Multi Commodity Exchange counter, zinc delivery for December gained 45 paise, or 0.43 per cent to Rs 105.10 per kg, with a turnover of 484 lots.
The metal for delivery in January also traded up by 40 paise, or 0.38 per cent to Rs 106.20 per kg, with a business turnover of 27 lots.
Analysts attributed the rise in zinc futures prices to a firm trend in the entire base metals pack overseas, buoyed by a strong Chinese macroeconomic and output data over the weekend raised demand for other commodities.
Meanwhile, the London Metal Exchange Index of prices for six industrial metals, including copper, zinc and aluminum rose 2.2 per cent.
Top Section
Explore Business Standard