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Zinc surges 4% in futures trade on global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 4:48 AM IST

Zinc futures prices spurted by Rs 3.80, or 3.78 per cent, to Rs 104.45 per kg today amid a firming global trend driven by faster-than-expected growth in China's industrial output.

At the Multi-Commodity Exchange (MCX) platform, zinc contracts for November delivery gained Rs 3.80, or 3.78 per cent, to Rs 104.45 per kg, with a turnover of 41 lots.

September delivery contracts also gained Rs 1.65, or 1.69 per cent, to Rs 99.35 per kg, with a turnover of 6,377 lots.

Market analysts said the firming trend in base metals in global markets was prompted by expectations that demand would expand in China on the back of robust industrial growth, which was primarily responsible for the rise in zinc futures here.

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First Published: Sep 13 2010 | 11:47 AM IST

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