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Zinc futures up on firm global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 5:24 AM IST

Zinc futures prices gained 0.70 per cent to Rs 107.65 per kg today in tandem with a firming trend in the entire base metals pack at domestic markets. 

Analysts said the rise in the metal prices at futures trading was attributed to firming trend in copper and other base metals overseas.

They said a better trend in the physical markets on the back of pick-up in demand from consuming industries also influenced prices.

At the Multi Commodity Exchange counter, zinc for December contract delivery rose by 75 paise, or 0.70 per cent, to Rs 107.65 per kg, with a turnover of two lots.

The metal for October delivery also edged up by 55 paise, or 0.52 per cent, to Rs 105.65 per kg, with a business turnover of six lots.

Meanwhile, zinc at the London Metal Exchange surged by 0.6 per cent to $2,383 per tonne.

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First Published: Oct 13 2010 | 2:26 PM IST

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