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Zinc up by 1% on subdued demand

Speculators enlarged positions tracking a firming trend overseas

Press Trust of India New Delhi
Last Updated : Sep 11 2013 | 12:13 PM IST
Zinc futures prices today rose by 1% to Rs 121 per kg as speculators enlarged positions, tracking a firming trend overseas.
 
At the Multi Commodity Exchange, zinc prices for delivery in October up by Rs 1.20, or 1%, to Rs 121 per kg in business turnover of six lots.
 
Likewise, the metal prices for delivery in September gained Rs 1.15, or 0.97% to Rs 119.55 per kg in 208 lots.
 
Analysts said besides domestic demand in the spot market, a firming trend in base metals overseas driven by upbeat Chinese economic data and easing concerns over Syria, mainly supported the upside in zinc futures here.

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First Published: Sep 11 2013 | 12:10 PM IST

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