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

Zinc up on global cues, spot demand

The December delivery traded higher by 40 paise to Rs 112.90 per kg

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

Zinc futures rose by 0.40% to Rs 113.55 per kg amid a firm global trend and better domestic demand today as speculators enlarged positions.

At the Multi Commodity Exchange, January zinc edged up by 45 paise, or 0.40%, to Rs 113.55 per kg, with a business turnover of 75 lots.

The December delivery traded higher by 40 paise to Rs 112.90 per kg, with a business turnover of 1,242 lots.    

Marketmen said apart from improved demand in the spot market, a firming trend in copper and other base metals overseas on the back of encouraging economic data from China, the largest consumer of metal, mainly led to rise in zinc futures.

More From This Section

First Published: Dec 17 2012 | 12:13 PM IST

Next Story