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Zinc up 0.84% in futures trade

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

Buoyed by firming trend in global markets amid pick up in spot demand, zinc futures prices today rose Rs 0.85, or 0.84 per cent, to Rs 102.40 per kg.

Firm trend at spot markets also supported the upside in the metal prices at futures market.

At the Multi-Commodity Exchange (MCX) platform, zinc contract for delivery in October traded Rs 0.85, or 0.84 per cent, higher at Rs 102.40 per kg, with a turnover of 60 lots.

The delivery in September contract also gained Rs 0.80, or 0.80 per cent, to Rs 101.35 per kg, with a turnover of 1,159 lots.

Market analysts said apart from strong demand at physical markets, firming trend in entire base metals pack after the positive US employment data eased concern the global economy is faltering, also helped zinc prices to rise at futures trade here.

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First Published: Sep 06 2010 | 12:53 PM IST

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