Don’t miss the latest developments in business and finance.

Zinc strengthens by 0.77% in futures trade

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:17 AM IST

Zinc prices moved up by 0.77% to Rs 98.25 per kg in futures trade today, taking positive cues from the global markets.

At the Multi Commodity Exchange, zinc for delivery in June moved up by 75 paise, or 0.77%, to Rs 98.25 per kg, with a business turnover of 1,291 lots.   

Likewise, the metal for delivery in July also edged up by 70 paise, or 0.71%, to Rs 99.30 per kg in 130 lots.  

Analysts said a better trend in the base metals at the London Metal Exchange and increased demand from consuming industries at the domestic markets helped zinc futures prices to trade higher.  

Meanwhile, zinc in London climbed 1.1% to $2,196 a tonne.

Also Read

First Published: Jun 21 2011 | 1:16 PM IST

Next Story