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Zinc moves up in futures trade on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:14 AM IST

Zinc prices gained Rs 0.95, or 1.00 per cent, to Rs 96.20 per kg in futures trade today, as speculators created positions, driven by rising demand in spot market.

At the Multi Commodity Exchange counter, zinc for August gained Rs 0.95, or 1.00 per cent, to Rs 96.20 per kg, with an open interest of 7,662 lots.

Similarly, the metal for delivery in September traded higher by Rs 0.95, or 0.99 per cent, to 97.25 per kg, with an open interest of 773 lots.

Market analysts attributed the rise in zinc futures prices to a rising demand in the spot market.

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First Published: Aug 13 2010 | 2:46 PM IST

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