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Zinc up on overseas trend, spot demand

Zinc up nearly 1%

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Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 1:49 AM IST

Zinc prices edged up by 0.79 % to Rs 101.70 per kg in futures trade today as speculators enlarged positions amid a firming trend overseas.

Also, pick up in spot market demand supported the upside in zinc futures prices.

On the MCX, zinc for delivery in June edged higher by 80 paise, or 0.79 %, to Rs 101.70 per kg, with a trading volume of 621 lots.

The metal for the July delivery also moved up by 70 paise, or 0.69 %, to Rs 102.15 per kg, with a trade turnover of 290 lots.

Globally, zinc rose 0.97 % to USD 1,773 per tonne at the London Metal Exchange (LME).

Analysts said besides a firming trend in the entire base metals pack at the LME, pick-up in spot demand also influenced zinc futures prices.

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First Published: Jun 28 2012 | 2:40 PM IST

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