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Zinc futures up on fresh buying support

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:30 AM IST

Zinc futures prices traded marginally higher by 0.46 per cent to Rs 97.25 per kg today, as speculators created fresh positions, supported by a firm trend in global markets.

At the Multi Commodity Exchange counter, zinc for delivery in November gained 45 paise, or 0.46 per cent to Rs 97.25 per kg, with a business turnover of 16 lots.

The metal for delivery in December also traded higher by 35 paise, or 0.36 per cent to Rs 98.25 per kg, with business volume of three lots.

Market analysts said fresh buying by speculators in tandem with a firm trend in it prices in overseas market pushed up zinc futures prices.

Meanwhile, zinc for three-month delivery increased 0.9 per cent to $2,140 a tonne on the London Metal Exchange.

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First Published: Nov 25 2010 | 2:18 PM IST

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